Can you please solve this one

on total assets. Problem 17-8A Evaluating ratios L04 Teb Structure Inc. calculated the ratios shown below for 2017 and 2016: 2017 Comparison to Industry Average Change For Us 2016 Current ratio. Quick ratio 1.08:1 0.97:1 0.99:1 0.84:1 16 18 35 31 6 7 49 37 Accounts receivable turnover Days' sales uncollected Inventory turnover. Daus sales in inventory. Total asset turnover Debt ratio............ Times interest earned Profit margin Gross profit ratio 1.8 3.2 67 47 2.2 6.3 15 18 17 16 *F= Favourable; U = Unfavourable Required 1. Identify whether the change in the ratios from 2016 to 2017 is favourable (F) or unfavourable (U). 2. Assess whether the 2017 ratios are favourable or unfavourable in comparison to the industry aver- ages shown in Exhibit 17.11. on total assets. Problem 17-8A Evaluating ratios L04 Teb Structure Inc. calculated the ratios shown below for 2017 and 2016: 2017 Comparison to Industry Average Change For Us 2016 Current ratio. Quick ratio 1.08:1 0.97:1 0.99:1 0.84:1 16 18 35 31 6 7 49 37 Accounts receivable turnover Days' sales uncollected Inventory turnover. Daus sales in inventory. Total asset turnover Debt ratio............ Times interest earned Profit margin Gross profit ratio 1.8 3.2 67 47 2.2 6.3 15 18 17 16 *F= Favourable; U = Unfavourable Required 1. Identify whether the change in the ratios from 2016 to 2017 is favourable (F) or unfavourable (U). 2. Assess whether the 2017 ratios are favourable or unfavourable in comparison to the industry aver- ages shown in Exhibit 17.11