need inventory turnover and days sales outstanding.

Notes: Industry average ratios have been stable for the past 4 years. Based on year-end balance sheet figures. Calculation is based on a 365-day year. Calculate Jimenez's 2019 forecasted ratios, compare them with the industry average data, and comment briefly on Jimenez's projected strengths and weaknesses. Assume that there are no changes from the prior period to any of the operating balance sheet accounts. Do not round intermediate calculation. Round DSO to the nearest whole number. Round the other ratios to one decimal place. Firm Ratios Quick ratio Comment Weak 0.8 Industry 1.0 2.7 7.0 Current ratio 2.3 Weak ) Inventory turnover Poor Days sales outstanding days 32 days Poor Fixed assets turnover 10.0 13.0 Poor ) igation Menu turnover 2.3 2.6 Return on assets 5.9 9.1% Return on equity 18.2% Poor Bad Bad Bad High High Profit margin on sales 3.5% 21.0% 50.0% n.a. Debt ratio 28.3 Liabilities-to-assets 54.8 % EPS $4.71 Stock Price $23.57 P/E ratio 4.0 Price/Cash flow ratio 1.7 Market/Book ratio 0.5 So, the firm appears to be badly managed. Poor Poor Poor Jimenez Corporation: Forecasted Balance Sheet as of December 31, 2019 Assets Cash $ Accounts receivable 69,000 439,000 897,000 Inventories Total current assets $1,405,000 Fixed assets 431,000 Total assets $1,836,000 Liabilities and Equity Accounts payable $ 332,000 116,000 Notes payable Accruals 154,000 Total current liabilities Long-term debt $ 602,000 404,220 575,070 254,710 Common stock Retained earnings Total liabilities and equity $1,836,000 Jimenez Corporation: Forecasted Income Statement for 2019 Sales $4,290,000 3,580,000 379,320 150,000 Cost of goods sold (excluding depreciation) Selling, general, and administrative expenses Depreciation Earnings before taxes (EBT) Taxes (40%) Net income $ 180,680 72,272 $ 108,408 Jimenez Corporation: Per Share Data for 2019 Jimenez Corporation: Per Share Data for 2019 EPS $ 4.71 Cash dividends per share 0.95 4.0 P/E ratio Market price (average) Number of shares outstanding $ 18.85 23,000 Industry Ratiosa Quick ratio Current ratio Inventory turnoverb Days sales outstanding 1.0 2.7 7.0 32.0 days Fixed assets turnoverb 13.0 Total assets turnoverb 2.6 Return on assets 9.1 % Return on equity Profit margin on sales 18.2 % 3.5 % Debt-to-assets ratio 21.0 % Liabilities-to-assets ratio 50.0 % 5.0 P/E ratio Price/Cash flow ratio Market/Book ratio 3.5 3.5 Notes: Industry average ratios have been stable for the past 4 years. "Based on year-end balance sheet figures. Calculation is based on a 365-day year