Question 2 The following sets of ratios are industry averages. Ratios Inventory turnover ratio Debt ratio Current ratio Total assets turnover Receivables turnover Industry 1 30x 20% 1.5 7x 9x Industry 2 3x 31% 1.6 2x 1.3x Industries Consultancy firms Heavy industry Petrol service stations Industry 3 15% 1.8 4x 1x Required: Given the following three industries, match each industry with their set of corresponding ratios. Defend your answer.

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