During 2021,ASTON.INC issued 20m new shares at a price of €3.50.

Question:
1) Update the analysis of key ratios for ASTON.INC for 2020 and 2021.

2) Identify and critically evaluate any factors in ASTON.INC performance over the five-year period which are of particular concern, especially in relation to the current industrial sector figures.

Base on the below data :

The 2021 accounts of ASTON.INC have just been published, enabling you to update your ratio analysis for 2020 and 2021.

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Ratio Earnings per share (cents) Dividend Yield (%) Average Collection Period (days) Inventory Turnover (times) Quick Ratio (times) Gross Margin (%) Return on Total Assets (%) Return on Equity (%) Debt/Equity (%) Times Interest Earned 2017 51.7 3.8% 30 4.8 1.1 60% 13% 20% 2018 55.7 4.9% 33 4.6 0.9 58% 14% 22% 26% 55.1 2019 55.2 5.6% 36 4.1 0.8 57% 14% 22% 31% 28.2 Industrial sector averages 2021 40.0 3.3% 55 6.2 1.1 35% 11% 8% 50% 12.5 Ratio Earnings per share (cents) Dividend Yield (%) Average Collection Period (days) Inventory Turnover (times) Quick Ratio (times) Gross Margin (%) Return on Total Assets (%) Return on Equity (%) Debt/Equity (%) Times Interest Earned 2017 51.7 3.8% 30 4.8 1.1 60% 13% 20% 2018 55.7 4.9% 33 4.6 0.9 58% 14% 22% 26% 55.1 2019 55.2 5.6% 36 4.1 0.8 57% 14% 22% 31% 28.2 Industrial sector averages 2021 40.0 3.3% 55 6.2 1.1 35% 11% 8% 50% 12.5