Cross$-$sectional ratio analysis$$Use the financial statements

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for Fox Manufacturing Company for the year ended December$31,$

$20212021,$

along with the industry average ratios

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$,$

$$to:

a$.$ Prepare and interpret a complete ratio analysis of the$$ firm's

$20212021$

operations. Enter all ratios in decimal format.

b$.$ Summarize your findings and make recommendations.

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Part $1$

a$.$ The current ratio is

$2\mathrm{.}442\mathrm{.}44.$

$($Round to two decimal$$ places.$)$