Exercise $(1)$ Ratio Analysis

The Vanguard Group, Inc. has compiled the following financial statements and comparative financial ratios for the year$-$end review.

Net profits after taxes

$$42,432$

Historical and Industry Average Ratios Vanguard Group, Inc.

$\backslash$table$[[,,,,\backslash$table$[[$Industry$],[$Average$]]],[$Ratio$,2014,2015,2016,2016],[$Current ratio,$1\mathrm{.}6,1\mathrm{.}7,-,1\mathrm{.}6],[$Quick ratio,$0\mathrm{.}9,1\mathrm{.}0,-,0\mathrm{.}9],[$Inventory turnover,$6\mathrm{.}0,5\mathrm{.}0,-,8\mathrm{.}4],[$Average collection period,$40$ days,$50$ days,$-,40$ days$],[$Total asset turnover,$1\mathrm{.}5,1\mathrm{.}5,-,1\mathrm{.}75],[$Debt ratio,$60\%,56\%,-,50\%$