The following are the financial statements for Nederland Consumer Products Company for the fiscal year ended September 30, 2011.

Nederland Consumer Products Company

Income Statement for the Fiscal Year

Ended September 30, 2011

Net sales .........................................................................$51,407

Cost of products sold ................................................... 25,076

Gross margin ............................................................... $26,331

Marketing, research, administrative exp. ...............   15,746

Depreciation ...............................................................       758

Operating income (loss) ............................................ $ 9,827

Interest expense ........................................................      477

Earnings (loss) before income taxes ...................... $ 9,350

Income taxes ............................................................    2,869

Net earnings (loss) ................................................... $ 6,481

Calculate all the ratios, for which industry figures are available below, for Nederland and compare the firm's ratios with the industry ratios.

Ratio                                     Industry Average
Current ratio ...........................   2.05
Quick ratio ..............................   0.78
Gross margin .........................  23.9%
Net profit margin .................. 12.3%
Debt ratio ..............................  0.23
Long-term debt to equity ........ 0.98
Interest coverage ..................... 5.62
ROA ........................................... 5.3%
ROE ........................................... 18.8%

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Nederland Consumer Products Company Balance Sheet as of September 30, 2011 Assets: Liabilities and Equity Cash and marketable securities Investment secuurities Accounts receivable Total inventories Deferred income taxes Prepaid expenses and other 5,469 423 4,062 4,400 Accounts payable Accrued and other liabilities Taxes payable Debt due within one year $ 3,617 7,689 2,554 8,287 Total current liabilities Long-term debt Deferred income taxes Other noncurrent liabilities S22,147 12,554 2,261 2,808 958 1,803 $17,115 25,304 Total current assets Property, plant, and equipment, 39,770 Convertible class A preferred ,526 Total liabilities at cost Less: Accumulated depreciation Net property, plant, and equipment $14,108 Net goodwill and other intangible 23,900 11,196 stock Common stock Retained earnings Total stockholders equity 13,611 $17,278 (deficit) 57,048 Total liabilities and equity 1,925 Other noncurrent assets Total assets $57,048