solved This week you will explore analysis by computing key performance

This week you will explore analysis by computing key performance indicators for a company. You should calculate each ratio using the financial statements provided and then choose the correct answer from the choices provided in the assignment.  You will round to two decimal places.  If it is expressed at a %, you need to convert to % and then take out two decimal places.  Standard rounding applies.
Rush Industries Income Statement for the Year Ended December 31, 2019Sales revenue  $   160,000Less: Cost of sales       106,000Gross profits  $     54,000Less: Operating expensesSales and marketing expense  $     16,000General and administrative expenses         10,000Lease expense           1,000Depreciation expense         10,000Total operating expense  $     37,000Operating profits  $     17,000Less: Interest expense           6,100Net profits before taxes  $     10,900Less: Taxes           4,360Net income $       6,540Rush Industries Balance Sheet December 31, 2019Assets   Cash  $          500Marketable securities           1,000Accounts receivable         25,000Inventories         45,500Total current assets  $     72,000Land  $     26,000Buildings and equipment         90,000Less: Accumulated depreciation         38,000Total fixed assets  $     78,000Total assets  $   150,000Liabilities and Stockholders’ Equity Accounts payable  $     22,000Notes payable         47,000Total current liabilities  $     69,000Long-term debt         22,950    Total liabilities        91,950Common stocka        31,500Retained earnings         26,550    Total stockholders’ equity        58,050Total liabilities and stockholders’ equity  $   150,000aThe firm’s 3,000 outstanding shares of common stock closed 2019 at a price of $25 per share.
Using the financial statements above, you will calculate the 2019 actual ratios.  You will then enter your answers in the questions that follow.  The first set of questions will be to provide your ratios.  Then you will analyze by comparing to industry and 2018 (both provided here).