Write a narrative/explanation of the financial ratio.

1. Financial Ratios

Historical Ratios
	Beginning 01/06/2018 - Ending 31/5/2019	Beginning 01/06/2019 -Ending 31/5/2020
Current Ratio	3.06	3.11
Quick ratio	0.98	0.92
Total Debt to Total Assets Ratio	0.31	0.31
Total Debt to Equity Ratio	0.46	0.44
Time-Interest-Earned Ratio	-	-
Inventory Turnover	2.83	2.82
Fixed Assets Turnover	0.94	0.97
Total Assets Turnover	0.31	0.31
Accounts Receivable Turnover	8.40	9.94
Average Collection Period	43.45	36.72
Gross Profit Margin %	48%	45%
Operating Profit Margin %	196%	210%
Return on Total Assets ( ROA )	87%	85%
Return on Equity ( ROE )	127%	122%