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Question 39 1 pts Table 32 Actual 2019 10 30 days Dana Deisy Products Key Ratio Industry Actual Average 2018 Current ratio 113 Quick ratio 0.8 0.75 Average collection period 23 days Inventory tumover 21.7 Debt ratio 647% 50% Times interest eamed Gross profit margin 13.6% 12.07. Net profit margin 1.0% 0.5 Retum on total assets 2.99 2.0% Retum onequit. 40 5.5 Income Statement Dana Dairy Products For the Year Ended December 31, 2019 sales revenue $100,000 Less Cost of goods sold 87.000 Gross profits $ 13,000 Less Operating expenses 11,000 Operating profits 2.000 Less Interest expense Net protits before taxes Less Taxes (40) N Net profits after taxe Balance Sheet $ 1.000 8900 4350 $14,250 Balance Sheet Dana Dairy Products December 31, 2019 Assets Accounts receivable Inventories Total current assets Gross fuced amets Less Accumulated depreciation Netfixed assets Total aset - Liabilities & Sockholders' Equity Accounts payable Accruals Total current liabilities Long-term debt Total liabilities Common stock Retained eaming Total stockholders' equity Total liabilites& stockholdersequity 536.000 $ 9.000 6.675 $15.675 4.125 $19,800 1.000 15,200 $16.200 $6.000 The return on equity for Dana Dairy Products for 2019 was . (See Table 3.2) 0.6 percent 5.6 percent 0.9 percent 50 percent

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