Ratio	Sector Average
Current ratio	2.30:1
Acid test ratio (quick ratio)	1.20:1
Receivable turnover ratio	7 times
Receivable days	52 days
Inventory turnover ratio	4.85 times
Inventory days	75 days
Long-term debt to total debt	24%
Debt-to-equity ratio	35%
Gross profit ratio	40%
Net profit ratio	18%
Return on equity	22%
Return on total assets	10%
Total asset turnover ratio	1.1
Fixed asset turnover ratio	2
Current asset turnover ratio	3
Interest coverage ratio (times interest earned)	10
Working capital turnover ratio	8
Return on fixed assets	24%

6. Based on these ratios and their comparison with industry ratios, would you, as the loan officer, grant the loan request?