(1) Use the financial statement for BEL 2021 AND 2020 and calculate Current Assets, Quick, Average Collection, Accounts Receivable Turnover, Inventory Turnover, Days Sales, Debt, Times Interest Earned, Total Asset Turnover, and Fixed Asset Turnover Ratios. (2) Comment on the performance of the company for 2021 in comparison to 2020. (3) Use two decimal places in your calculations (4) Show ALL calculations AND formulae used for calculations for ratios. Belize Electricity Limited STATEMENT OF FINANCIAL POSITION December 31, 2021 (in thousands of Belize dollars) Assets Current assets: Cash and cash equivalents Short term investments Trade receivables Other receivables Prepayment Notes December 31 December 31 2021 2020 2g. 27 25,118 76,729 2h, 27 5,000 5,000 21, 3, 27, 28 32,127 28,820 21, 27 2,236 2,253 2j 4,221 1,020 2k,4 29,135 29,414 97,837 143,236 Materials and supplies Total current assets Non-current assets: Property, plant and equipment 21,5 544,211 523,388 Intangible assets 2m, 6 1,229 1,828 Total non-current assets 545,440 525,216 Total Assets 643,277 S 668,452 Liabilities and Equity Current iabilities: Trade and other payables 2p.x, 7, 27, 28 57,296 Current portion of long-term debt 2r, 10, 28 2,097 63,790 1,633 Current portion of lease liability 2y, 10, 28 742 727 Taxes payable 2q. 9, 27, 28 2,104 2,031 Total current liabilities 62,239 68,181 Non-current liabilities: Capital contributions 15 48,772 50,740 Deferred grant contribution 8. 27, 28 6,834 6,834 Long-term debt 2r, 10, 27, 28 14,202 12,693 Lease Liability 2y, 10, 27, 28 14,285 15,027 Debentures 11,27,28 97,735 122,735 Consumer deposits 12,28 12,091 11,524 Total non-current liabilities 193,919 219,553 Total liabilities 256,158 287,734 Equity: Share capital 2w, 13 138,046 138,046 Additional paid in capital 14 5,741 5,741 Insurance reserve 16 5,000 5,000 Revaluation reserve 5 5,112 5,112 Retained earnings 233,220 226,819 Total equity 387,119 380,718 Total Liabilities and Equity 643,277 S 668,452 The financial statements on pages 4 to 7 were approved and authorized for issue by the Board of Directors on May 12,2022 and are signed on its behalf by: Belize Electricity Limited STATEMENT OF FINANCIAL POSITION December 31, 2021 (in thousands of Belize dollars) Assets Current assets: Cash and cash equivalents Short term investments Trade receivables Other receivables Prepayment Notes December 31 December 31 2021 2020 2g. 27 25,118 76,729 2h, 27 5,000 5,000 21, 3, 27, 28 32,127 28,820 21,27 2,236 2,253 2j 4,221 1,020 2k,4 29,135 29,414 97,837 143,236 Materials and supplies Total current assets Non-current assets: Property, plant and equipment 21,5 544,211 523,388 Intangible assets 2m, 6 1,229 1,828 Total non-current assets 545,440 525,216 Total Assets 643,277 S 668,452 Liabilities and Equity Current iabilities: Trade and other payables 2p.x, 7, 27, 28 57,296 63,790 Current portion of long-term debt 2r, 10, 28 2,097 1,633 Current portion of lease liability 2y, 10, 28 742 727 Taxes payable 2q, 9, 27, 28 2,104 2,031 Total current liabilities 62,239 68,181 Non-current liabilities: Capital contributions 15 48,772 50,740 Deferred grant contribution 8, 27, 28 6,834 6,834 Long-term debt 2r, 10, 27, 28 14,202 12,693 Lease Liability 2y, 10, 27, 28 14,285 15,027 Debentures 11,27,28 97,735 122,735 Consumer deposits 12,28 12,091 11,524 Total non-current liabilities 193,919 219,553 Total liabilities 256,158 287,734 Equity: Share capital 2w, 13 138,046 138,046 Additional paid in capital 14 5,741 5,741 Insurance reserve 16 5,000 5,000 Revaluation reserve 5 5,112 5,112 Retained earnings 233,220 226,819 Total equity 387,119 380,718 Total Liabilities and Equity 643,277 $ 668,452 The financial statements on pages 4 to 7 were approved and authorized for issue by the Board of Directors on May 12,2022 and are signed on its behalf by: (1) Use the financial statement for BEL 2021 AND 2020 and calculate Current Assets, Quick, Average Collection, Accounts Receivable Turnover, Inventory Turnover, Days Sales, Debt, Times Interest Earned, Total Asset Turnover, and Fixed Asset Turnover Ratios. (2) Comment on the performance of the company for 2021 in comparison to 2020. (3) Use two decimal places in your calculations (4) Show ALL calculations AND formulae used for calculations for ratios