1 Heading 8 Styles 1 Heading 1 1 Heading 2 1 Heading 3 1 Heading 4 1 Heading 5 1 Heading 6 1 Heading7 T Heading9 P2-3 Foxed assets turnover Total assets turnover Profit margin on sales Return on total assets Return on common equity 6.0x 3.0x 30% 9 0% 12.9% 2.0x 300% Current ratio Debt ratio Times interest earned 70x Inventory turmover Dora sales outstanding 24.0 days 8.5x Einnerty Furniture Company: Balance Sheet as of December 31 (S million) $45 s 45 Cash Marketable secunities Net receivables Accounts payables Notes payable Other current liabilities 21 Total current liabilites Long-term debt Total liabilities Common stock Retained earnings Total stockholders' equity $315 45 $111 Total current assets $303 $135 114 Gross fxed assets Less depreciation Net foxed assets Total assets 225 $147 Total Iiabiltbies and equity $450 Einnerty Furniture Company Income Statement for Year Ended December 31 (S million) Net sales Cost of goods sold Gross profit Selling expenses Depreciation expense Earnings before interest and taxes (EBIT) $49.5 Interest expense Earnings before taxes (EBT Taxes (40%) Net income $795.0 650.0) $135.0 L73.5) L12.0 4.5) $ 45.0 27. a Calculate all the ratios that appear for the industry for Einnerty Furniture Company and perform an analysis of the financial health of the company when compared to the overall industry