Use the following ratios to comment on how Serhat company is doing. You may want to use the dupont equation ROE=NPM*TAT*EM NI/TE = NI/Sales * Sales/TA * TA/TE

	INDUSTRY	SERHAT
Total asset turnover (times)	0.83	1.03
Debt ratio(%) (TL/TA)	23.00%	49.00%
Gross profit margin(%)	64.49%	52.82%
Operating profit margin(%)	31.56%	26.45%
Net profit margin(%)	21.55%	13.29%
Return on assets(%)	17.89%	13.68%
Return on equity (%)	23.23%	26.83%