Question: 8. Calculate the Coverage ratio: 9. Calculate the Quick ratio: 10. NW New Mexico Produce Inc. has the following financial ratios in the left column.

8. Calculate the Coverage ratio: 9. Calculate the Quick ratio: 10. NW New Mexico Produce Inc. has the following financial ratios in the left column. The industry average ratios are in the right column. Evaluate NW New Mexico Produce versus the industry average and briefly state your conclusion about the financial standing of NW New Mexico Produce using all three ratios. (6 points total, 2 points each) 11. Scenario for your Agribusiness: (10 points total, 1 point each) Assets Current assets: Cash 15000 Marketable securities 4000 Accounts receivable 20000 Inventory 15000 Prepaid insurance 1000 Total current assets 55000 Divide each entry by the total assets (calculate the ratio for each and interpret) Compare your firm's ratios to the industry average, how does your firm compare? Your firm: Industry Average: Cash: .221 Comparison: Marketable securities: .108 Comparison: Accounts receivable: .250 Comparison: Inventory: .187 Comparison: Prepaid insurance: .02 Comparison

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