Ch 07: End-of-Chapter Problems - Analysis of Financial Statements Data for Lozano Chip Company and its industry averages follow. Lozano Chip Company: Balance Sheet as of December 31, 2021 (Thousands of Dollars) Lozano Chip Company: Income Statement for Year Ended December 31, a. Calculate the indicated ratios for Lozano. Do not round intermediate calculations. Round your answers to two Ch 07: End-of-Chapter Problems - Analysis of Finandial Statements Federal and atate income taxes (25% ) Net income 43,0005129,000 a. Calculate the indicated retios for tozane. Oo net round intermediste calculatione found your answers to two decimal places. b. Use the extended DuPont equation to calculate ROE for both Lazano and the industry, Do not round imtermediate colcutations: Rlound your answers to two decimal places. For the firm, ROE is For the industry, ROE is c. Outine Lezano's strengths and weaknesses as revenled by wour analysis. The firm's doys sales outstanding is more than twice as long as the industry averagt, indicating that the firm should collection policy. credit or enforce a the industry average so sales should be , assets than the industry average, its other profitability rabos are given the amount of equity and assets