Current Ratio= 2.33

Operating Profit Margin= 2.3%

Quick Ratio= 0.8488

Total Debt to Equity= 1.21

Inventory Turnover= 4.12

Return on Assets= 1%

Average Collection Period= 37.79 days

Return on Equity= 2.22%

Total Assets Turnover= 2.31

TIE= 1.46

Select two of the ratios you derived in Corrigan Corporation. Without re-stating the formula itself, explain what the ratio means in terms of the corporations financial health. The industry norms are provided below to use as comparative information. Points will be awarded based on the clarity, succinctness and good writing skills provided for each answer.

INDUSTRY NORMS:

Current Ratio 1.2 times

Quick Ratio 1.1 times

Inventory Turnover 4.0 times

Average Collection Period 32.0 days

Total Assets Turnover 2.6 times

Operating Profit Margin 4.2%

Total Debt to Equity 10.9%

Return on Assets 15.2%

Return on Equity 3.6% I

nterest Coverage

(TIE) 8.5 times