A total debt ratio of 0.16: Multiple Choice indicates that 16 cents of every dollar of capital is in the form of short-term debt. indicates that 16 cents of every dollar of capital is in the form of long-term debt. would exist if a firm had liabilities of $300 and assets of $1900. indicates that the firm is financed with 16% long-term debt.

Margaret company reported the following information for the current year: net sales $3,000,000 purchases $1,957,000 beginning inventory $245,000 ending inventory $115,000 cost of goods sold 65% of sales industry averages available are: inventory turnover 5.29 gross profit percentage 28% how do the inventory turnover and gross profit percentage for margaret company compare to the industry averages for the same ratios? (round inventory turnover to two decimal places. round gross profit percentage to the nearest percent.)