Use financial statements of Griffon Frozen Food Products (GFF), to calculate ratios and provide analyses. Assume that company operates 365 days in one year. The average interest rate on all debt (short-term and long-term) is 7%. The company has 100,000 common shares.

Ratios (Trend & Industry Analysis)	Yr 20x1	Yr 20x2	Yr 20x3	Trend analysis	Industry (Given)	Industry analysis	unit
1. Current ratio	Answer	Answer	Answer	AnswerImproveSameWorse	1.40	AnswerBetterSameWorse	times
2. Quick ratio	Answer	Answer	Answer	AnswerImproveSameWorse	1.00	AnswerBetterSameWorse	times
3. DSO	Answer	Answer	Answer	AnswerImproveSameWorse	87.00	AnswerBetterSameWorse	days
4. Inventory conversion period	Answer	Answer	Answer	AnswerImproveSameWorse	120.00	AnswerBetterSameWorse	days
5. A/P deferral period	Answer	Answer	Answer	AnswerImproveSameWorse	65.00	AnswerBetterSameWorse	days
6. CCC = cash conversion cycle	Answer	Answer	Answer	AnswerImproveSameWorse	142.00	AnswerBetterSameWorse	days
7. Inventory turnover = (COGS/Inventories)	Answer	Answer	Answer	AnswerImproveSameWorse	1.60	AnswerBetterSameWorse	times
8. Net fixed asset turnover	Answer	Answer	Answer	AnswerImproveSameWorse	1.80	AnswerBetterSameWorse	times
9. Total asset turnover	Answer	Answer	Answer	AnswerImproveSameWorse	1.15	AnswerBetterSameWorse	times
10. Debt-to-Equity	Answer	Answer	Answer	AnswerImproveSameWorse	0.67	AnswerBetterSameWorse	times
11. Debt-to-Assets	Answer%	Answer%	Answer%	AnswerImproveSameWorse	40.00 %	AnswerBetterSameWorse	%
12. Liabilities-to-Assets	Answer%	Answer%	Answer%	AnswerImproveSameWorse	50.00 %	AnswerBetterSameWorse	%
13. Equity multiplier	Answer	Answer	Answer	AnswerImproveSameWorse	2.00	AnswerBetterSameWorse	times
14. TIE (Interest coverage)	Answer	Answer	Answer	AnswerImproveSameWorse	2.15	AnswerBetterSameWorse	times
15. OPM (Operating profit margin)	Answer%	Answer%	Answer%	AnswerImproveSameWorse	28.00 %	AnswerBetterSameWorse	%
16. NPM (Net profit margin)	Answer%	Answer%	Answer%	AnswerImproveSameWorse	18.00 %	AnswerBetterSameWorse	%
17. BEP	Answer%	Answer%	Answer%	AnswerImproveSameWorse	28.50 %	AnswerBetterSameWorse	%
18. ROA	Answer%	Answer%	Answer%	AnswerImproveSameWorse	20.70 %	AnswerBetterSameWorse	%
19. ROE	Answer%	Answer%	Answer%	AnswerImproveSameWorse	41.40 %	AnswerBetterSameWorse	%
20. EPS	Answer	Answer	Answer	AnswerImproveSameWorse	N/A	N/A	$/share