Using Financial Ratios and the company and industry information answer the following questions.

Company
	2018	2019
Sales	38,578,155	42,000,000
Inventory	3,210,000	4,118,000
Total Assets	17,254,819	23,917,000
Debt	7,026,000	10,388,000
Equity	10,228,819	16,529,000
Net Income	6,268,975	8,410,908
EBIT	9,873,447	13,119,000
Current Assets	10,535,819	15,066,000
Current Liabilities	3,980,000	4,342,000

Industry Average
	2018	2019
Current Ratios	2.89	3.26
Total Asset Turnover	2.14	2.33
Debt-Equity	31.3%	30.2%
Return on Total Assets`	32.34%	41.87%
Return on Equity	43.6%	48.3%
Sales Growth	3%	6%

Part 1 For the company calculate ROE and Asset Turnover for 2019

A) 50.9% and 1.76

B) 79.4% and 2.23

C) 63.4% and 1.76

D) 50.9% and .56

Part 2 Interpret which of these ratios show improvement

A) Return on Equity, Total Asset Turnover

B) Total Asset Turnover, Current Ratio

C) Current Ratio, Debt to equity

D) Return on Total Assets, Debt to equity

Part 3 Evaluate what the company is doing well in Comparison to the Industry

1. Sales Growth, Asset utilization, Debt burden
2. Short-term liquidity, debt burden, return on assets
3. Return on equity, Asset utilization, debt burden
4. Sales Growth, Return on equity, short-term liquidity