URGENT

The Income statement and balance sheet for HOYT, Inc. are provided below. (Note that the reported figures are expressed in thousands of dollars). Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net income HOYT, INC. Balance Sheets as of December 31, 2020 and 2021 (in 000s) 2020 2021 Assets Dividends Retained earnings HOYT, INC. 2021 Income Statement (in 000s) $ 210 $ 180 325 325 180 315 $ 715 $ 820 $ 180 108 $1,500 $1,650 $2,215 $2,470 $ $ $ 1,350. 850 40 460 95 365 77 288 2020 Llabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock Accumulated retained earnings Total Equity Total liabilities and owners' equity $250 $ 260 $ 510 $ $1,000 $ $ 305 $ 400 $ 705 $ 2021 300 260 560 1,120 282 508 790 $2,215 $2,470 Requirement #2: Use the ratios you calculated in Requirement #1 and the industry averages given in the table above to determine if HOYT, Inc. is "above average" or "below average" in each of the following areas of financial performance. Asset Use Efficiency Operating Efficiency Liquidity Shareholder Return Financial Leverage Requirement #3: Raend on Duet (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) above average below average Requirement #1: Calculate each of the following ratios for HOYT, Inc. for 2021 only and complete the table below. (Do not round intermediate calculations. Round your answers to 4 decimal places (e.g., 0.9173 or 2.1648). Input profit margin, return on assets, and return on equity as percentages (e.g., if the Profit Margin = 0.1576, input your answer as 15.76). Industry Average 1.3504 0.8652 0.4075 1.7699 0.6993 3.3259 a. Current ratio b. Quick ratio c. Total asset turnover d. Inventory turnover e. Total debt ratio f. Equity Multiplier g. Times interest earned ratio h. Profit margin i. Return on assets J. Return on equity 2021 1.4643 times 0.9018 times 87.8704 times 2.6984 times times times 11% de de de % 10.2115 25.42% 10.36% 34.45%