1. vVenus Ltd. started its furniture business last year. Being a newcomer in the industry, the management wants to know the companys position in the industry. The most recent industry average ratios and the firms financial statements are as follows:

Industry Average Ratios
Current ratio 4.5	Quick Ratio 1.8
Debt-to-Equity ratio 20%	Total Assets Turnover 1.5
Times interest earned 6	Net Profit margin 5.2%
Inventory turnover 10.5	Return on Total Assets 12%
Financial Leverage 1.6	Return on Equity 12.48%

Items	Amount ($)	Items	Amounts ($)
Cash	98,000	Accounts Payable	55,000
Total Operating Expense	82,500	Interest Expense	2,900
Income Tax	18,000	Total Sales	795,000
Net Fixed Assets	147,000	Long-term Bank Loan	50,000
Cost of Goods Sold	660,000	Common Stock Equity	315,000
Inventories	139,000	Other Current Liabilities	11,000
Accounts Receivables	66,000	Notes Payable (Maturity within 1 year)	29,000
Total Operating Profit	49,500	Net Profit after tax	27,000

Calculate the following ratios for Venus: 1) Net Profit Margin, 2) Total Asset Turnover 3) Financial Leverage, 4) Return on Equity 5) Construct the DuPont equation of Venus and the industry. Based on the DuPont equation constructed, identify the area where Venus needs to improve its performance.