You are provided the following Income Statement and Balance Sheet for D'Mello Inc., for the year ending Dec 31, 2018: Net Sales: Cost of Goods Sold Depreciation EBIT (Earnings Before Interest and Taxes) Interest EBT (Earnings Before Taxes Taxes Net Income Income Statement $318.400 ($229,800) ($2.1001 $79.500 ($2.200) $72,300 ($15.300 $57.000 Balance Sheet Accounts Payable $67.900 Cash Accounts Rec. Inventory Current Assets $24,200 $14.900 $128.500 $167,600 Net Fixed Assets Total Assets $121.800 $289.400 Current Liabilities Long-Term Debt Shareholders' Equity Total $67.900 $89,600 $131.900 $289.400 You are asked to calculate the following ratios for D' Mello Inc. (assume 365-day year): D'Mello Inc Benchmark Current Ratio 1.35 D' Melhor 165-day year) (Short Answer question - Chapter 3) For each of the ratios in question (7) comment on how D'Mello Inc. is performing relative to the benchmark and why. (Your answer should be more than merely stating that a certain ratio is less/more than the benchmark and hence it is better/worse)