solved Compute each of the following ratios for 2019 and 2020

Compute each of the following ratios for 2019 and 2020 and indicate whether each ratio was getting “better” or “worse” from 2019 to 2020 and whether the 2020 ratio was “good” or “bad” compared to the Industry Avg (round all numbers to 2 digits past the decimal place)20192020Getting Better or Getting Worse?2020 Industry Avg “Good” or “Bad” compared to Industry AvgProfit Margin0.08Current Ratio1.80Quick Ratio1.12Return on Assets0.18Debt to Assets0.60Receivables turnover12.00Avg. collection period*22.10Inventory Turnover**8.25Return on Equity0.16Times Interest Earned8.15*Assume a 360 day year**Inventory Turnover can be computed 2 different ways. Use the formula listed in the text (the one the text indicates many credit reporting agencies generally use)