Task 3: Ratio Analysis Task 2: Financial Statement Analysis (10 points) Industry Year 1 Year 2 Year 3 Average 1 2 3 Profit margin 7.20% 0.07 0.04 0.06 Operating profit margin 10.40% 0.10 0.08 0.09 Basic earning power 15.60% 20.51% 15.81% 19.38% ROA 10.80% 0.09 0.05 0.08 ROE 15.40% 0.14 0.09 0.12 Inventory turnover 9 6.94 5.85 7.89 Days sales outstanding 28 31 29 30 Fixed assets turnover 3 1.90 1.71 1.78 Total assets turnover 1.5 1.35 1.22 1.32 Current 2.5 2.15 1.57 1.86 Quick 1.9 1.02 0.65 0.91 Debt ratio 15.00% 20% 22% 22% Debt-to-equity ratio 0.22 0.49 0.68 0.56 Liabilities-to-assets ratio 32.00% 33% 41% 36% Equity multiplier 1.5 1.5 1.592198582 1.620295 TIE 13 7.24 3.26 5.20 EBITDA coverage 17.2 83.64 3.26 5.20 Price/earnings (P/E) 16.8 7.51 9.07 Market/book 2.7 1.72692 1.022657143 Calculate and interpret key financial ratios such as liquidity, solvency, profitability, and efficiency ratios for the company using the provided industry benchmarks. Compare the company's ratios to industry averages and discuss any significant variances