LG$6$

P$3-22$ Cross$-$sectional ratio analysis Use the accompanying financial statements for Fox Manufacturing Company, along with the industry average ratios on page $138$ to do the following:

a$.$ Prepare and interpret a complete ratio analysis of the firm's recent operations.

b$.$ Summarize your findings and make rectmmendations.

Fox Manufacturing Company Income Statement

Sales revenue

Less: Cost of goods sold

Gross profits

Less: Operating expenses

General and administrative expenses

Depreciation expense

Total operating expense

Operating profits

Less: Interest expense

Net profits before taxes

$\backslash$table$[[$$$600,000$