For each of the following ratios indicate whether the firm’s ratios are good or poor as compared to industry averages. (A. Poor B. Good C. No difference D. Not able to determine)
Inventory Turnover: Company 5 Industry 7
Receivables Turnover: Company 20 Industry 33
Times Interest Earned: Company 3 Industry 7
Quick Ratio: Company 1 Industry 3
Return on Assets: Company 6.1% Industry 8.5% mine