Week 3 Assignment: Ratio AnalysisGiven the following information, write a 1-2 page memo (Word, 12 point Arial or Times New Roman font) to your CEO that compares your company to the industry averages. Please be sure to include each of the 6 ratios in your memo.Company IndustryReturn on sales .12.8 % 10.7%Return on asset ..22.1% 19.3%Current Ratio 1.5 1.4Inventory Turnover ..8.6 7.3Account Receiver turnover ..9.1 12.2Debt Ratio 58.7% 53.1%
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