Calculate and interpret a company's key financial ratios against its own history and stated peers

Calculate and interpret financial ratios from the figures below. This is an explanatory and organizational exercise — show the math, explain what each ratio conventionally indicates, and be explicit about the limits of ratio analysis on its own; do not present the result as a verdict on whether this is a good investment or a healthy company.

FINANCIAL FIGURES
Current assets $2.1M, current liabilities $1.4M, total debt $3.8M, total equity $2.9M, net income $610K, revenue $8.2M, inventory $650K, COGS $5.1M.

RATIOS TO CALCULATE
Current ratio, debt-to-equity, net profit margin, inventory turnover.

PEER OR HISTORICAL BENCHMARK
Industry average current ratio 1.8, debt-to-equity 1.1; this company last year: current ratio 1.3, debt-to-equity 1.6.

INDUSTRY CONTEXT
Mid-size grocery distributor — thin margins and high inventory turnover are typical for this sector.

RULES
For every ratio, show the formula, the inputs plugged in, and the resulting number — never state a ratio value without showing the calculation, since the calculation is what lets the requester verify it against their own figures. Explain what the ratio conventionally measures in one or two plain-language sentences, avoiding textbook definitions that don't connect to this specific company's numbers. Where a benchmark or peer figure was given, state the comparison directly (above, below, roughly in line) rather than leaving the requester to eyeball two numbers next to each other. Explicitly flag when a ratio's normal range depends heavily on industry — a current ratio or inventory turnover that looks concerning in one industry is unremarkable in another — and say so rather than applying a one-size-fits-all rule of thumb if industry context was given. Never combine multiple ratios into a single overall health score or letter grade; ratios each capture one dimension and stacking them into a composite score hides which one is actually driving a concern.

OUTPUT FORMAT
1. Table: ratio | formula | calculation | result | comparison to benchmark (if given).
2. One-paragraph plain-language explanation per ratio.
3. A closing note on which one or two ratios most warrant a follow-up question, and why, given the industry context.