1. Current ratio
2. Quick ratio
3. Inventory turnover
4. Average collection period
5. Average payment period
6. Total asset turnover
7. Debt ratio
8. Times interest earned ratio
9. Fixed-payment coverage ratio
10. Gross profit margin
11. Operating profit margin
12. Net profit margin
13. Return on total assets (ROA)
14. Return on common equity (ROE)
15. Earnings per share (EPS)
16. Price/earnings (P/E) ratio
17. Market/book ratio (M/B) ratio
18. DU pont
19. Modified DU pont

1. The Walton Corporation's 2019 financial statements follow, along with some industry average ratios. Walton Corporation: Balance Sheet as of December 31, 2020 Assets Cash Accounts receivable Inventories Total current assets Fixed assets Total assets $ 72,000 4,39,000 894.000 $ 1,405,000 4,31,000 SL836.000 Liabilities and Equity Accounts and notes payable $ 432,000 Accruals 170.000 Total current liabilities $ 602,000 Long-term debt 404,290 Common stock 575,000 Retained earnings 254.710 Total liabilities and equity S1.836.000 Walton Corporation: Income Statement for 2020 Sales Cost of goods sold Selling, general, and administrative expenses Depreciation Earnings before taxes (EBT) Taxes (40%) Net income $4,290,000 3,580,000 370,320 159.000 $ 180,680 72.272 S 108.408 Per Share Data EPS Cash dividends per share P/E ratio Market price (average) Number of shares outstanding $ 4.71 S 0.95 5 $23.57 23,000 Industry Financial Ratios (2020) 1.0 Quick ratio Current ratio Inventory turnover Total assets turnover Return on assets Return on equity Debt ratio Gross Profit margin Net Profit margin P/E ratio 2.7 7.0 2.6 9.1% 18.2% 50.0% 20% 3.5% 6.0 Questions (20): Calculate Walton's 2020 ratios, interpret them and compare them with the industry average data, and comment briefly on Walton's strengths and weaknesses