Question: Explain each Ratio results for 2021 only. Based on the proceeding statements, complete the following table: M&G Industries Ratio Analysis Industry Aperages Actual 2021 0.90

Explain each Ratio results for 2021 only. Based on the proceeding

Explain each Ratio results for 2021 only.

Based on the proceeding statements, complete the following table: M&G Industries Ratio Analysis Industry Aperages Actual 2021 0.90 Current ratio Acid-test ratio Average collection period Inventory turnover Debt ratio Times interest earned Total asset turnover Fixed asset turnover Return on cquity 0.23 36.50 Actual 2020 1.84 0.78 36.50 2.59 241. 1.80 .70 37.00 2.50 58% 3.80 12.67 46% 7.70 2.58 1.82 17.30% 9.5% 2.02 14.29%

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