The Jimenez Corporation's forecasted 2016 financial statements follow, along with some industry average ratios. Calculate Jimenez's 2016 forecasted ratios, compare them with the industry average data, and comment briefly on Jimenez's projected strengths and weaknesses.

Per Share Data
EPS ....................................................... $ 4.71
Cash dividends per share ............................... $ 0.95
P/E ratio .................................................. 5.0
Market price (average) .................................$ 23.57
Number of shares outstanding ........................23,000
Industry Financial Ratios (2015)a
Quick ratio .............................................. 1.0
Current ratio ............................................ 2.7
Inventory turnoverb .................................... 7.0
Days sales outstandingc ...............................32.0 days
Fixed assets turnoverb .................................. 13.0
Total assets turnoverb .................................. 2.6
Return on assets ......................................... 9.1%
Return on equity ........................................18.2%
Profit margin on sales ................................... 3.5%
Debt-to-assets ratio ......................................21.0%
Liabilities-to-assets ratio ................................50.0%
P/E ratio ................................................... 6.0
Price/Cash flow ratio .................................... 3.5
Market/Book ratio ........................................ 3.5
aIndustry average ratios have been stable for the past 4 years.
bBased on year-end balance sheet figures.
cCalculation is based on a 365-day year.

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Jimenez Corporation: Forecasted Balance Sheet as of December 31, 2016 Assets Cash Accounts receivable Inventories $72,000 439,000 894,000 $1,405,000 Total current assets Fixed assets Total assets Liabilities and Equity Accounts payable Notes payable Accruals 1,836,000 332,000 100,000 170,000 602,000 404,290 575,000 254,710 1,836,000 Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity Jimenez Corporation: Forecasted Income Statement for 2016 Sales Cost of goods sold (excluding depreciation) Selling, general, and administrative expenses $4,290,000 3,580,000 370,320 Earnings before taxes (EBT) Taxes (40%) Net income S 180,680 72,272 $ 108,408