Assignment 3: Ratio Analysis

Solve the problem below, calculate the ratios, interpret the results against the industry average, and fill in the table on the worksheet (attached below). Then, provide an analysis of how those results can be used by the business to improve its performance. 

1. Calculate the following ratios AND interpret the result against the industry average:

2. Analysis:

Give your interpretation of what the ratios calculations show and how the business can use this information to improve its performance. Justify all answers.