solve the problem below, calculate the ratios, interpret the results against the industry average, and fill in the table on the worksheet. Then,provide an analysis of how those results can be used by the business to improve its performance.
Income Statement Year 2010
Cost of goods sold
1. Calculate the following ratios AND interpret the result against the industry average:
Your Interpretation (Good-Fair-Low-Poor)
Profit margin on sales
Return on assets
Fixed asset turnover
Total asset turnover
Times interest earned
Give your interpretation of what the ratios calculations show and how the business can use this information to improve its performance. Justify all answers.