-12 Data for Argile Textiles' 2014 financial statements are given in Tables 7-1 and 7-2 in the chapter. a. Compute the 2014 values of the following ratios: 2014 Values Ratio Argile Industry Current ratio Days sales outstanding Inventory turnover Fixed assets turnover Debt ratio Net profit margin Return on assets 3.9 33.5 days 7.2x 4.1x 43.0% 4.6% 99% b. Briefly comment on Argile's 2014 financial position. Can you see any obvi ous strengths or weaknesses? Compare Argile's 2014 ratios with its 2015 ratios, which are presented in Table 7-6. Comment on whether you believe Argile's financial position improved or deteriorated during 2015. What other information would be useful for projecting whether Argile's financial position is expected to improve or deteriorate in the future? c. d