The Jimenez Corporation's forecasted 2017 financial statements follow, along with some industry average ratios. Calculate Jimenez's 2017 forecasted ratios, compare them with the industry average data, and comment briefly on Jimenez's projected strengths and weaknesses.

Jimenez Corporation: Forecasted Balance Sheet as of December 31, 2017

Assets

Cash...........................................................................$ 72,000

Accounts receivable..........................................................439,000

Inventories.....................................................................894,000

Total current assets......................................................$ 1,405,000

Fixed assets...................................................................431,000

Total assets...............................................................$ 1,836,000

Liabilities and Equity

Accounts payable.........................................................$ 332,000

Notes payable................................................................100,000

Accruals......................................................................170,000

Total current liabilities...................................................$ 602,000

Long-term debt.............................................................404,290

Common stock..............................................................575,000

Retained earnings..........................................................254,710

Total liabilities and equity............................................$ 1,836,000

Jimenez Corporation: Forecasted Income Statement for 2017

Sales....................................................................................$4,290,000

Cost of goods sold (excluding depreciation).......................................3,580,000

Selling, general, and administrative expenses.......................................370,320

Depreciation..............................................................................159,000

Earnings before taxes (EBT).........................................................$ 180,680

Taxes (40%)................................................................................72,272

Net income.............................................................................$ 108,408

Jimenez Corporation: Per Share Data for 2017

EPS.....................................................................................$ 4.71

Cash dividends per share............................................................$ 0.95

P/E ratio...................................................................................5.0

Market price (average)..............................................................$23.57

Number of shares outstanding.....................................................23,000

Industry Ratios

Quick ratio................................................................................1.0

Current ratio..............................................................................2.7

Inventory turnoverea.....................................................................7.0

Days sales outstandingb.........................................................32.0 days

Fixed assets turnovera.................................................................13.0

Total assets turnovera...................................................................2.6

Return on assets.........................................................................9.1%

Return on equity.......................................................................18.2%

Profit margin on sales...................................................................3.5%

Debt-to-assets ratio.....................................................................21.0%

Liabilities-to-assets ratio...............................................................50.0%

P/E ratio...................................................................................6.0

Price/Cash flow ratio....................................................................3.5

Market/Book ratio.......................................................................3.5