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Using the financial data provided below, critically evaluate ATT&Ts performance in comparison to the industry average and report your findings to the management team. (30

Using the financial data provided below, critically evaluate ATT&Ts performance in comparison to the industry average and report your findings to the management team. (30 pts.) Financial Ratio ATT&T Industry Average Current ratio 1.77 2.44 Quick ratio 1.47 2.08 Average collection period 61 50 Inventory turnover 6.25 6.01 Fixed assets turnover 4.37 1.58 Total assets turnover 0.86 0.61 Debt ratio 0.64 0.34 Gross profit margin 32.76% 37.49% Return on assets -7.98% -1.82% Return on equity -22.11% -2.78%

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