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2. Assume that you have been hired as an analyst for CPM Consultants working on an independent assessment of Mafuta Investments Ltd specializes in downstream
2. Assume that you have been hired as an analyst for CPM Consultants working on an independent assessment of Mafuta Investments Ltd specializes in downstream petroleum business in Tanzania. You hav the following data for MIL and their industry. Ratio Long-term debt Inventory Turnover Depreciation/Total Assets Days' sales in receivables Debt to Equity Profit Margin Total Asset Turnover Quick Ratio Current Ratio Times Interest Earned Equity Multiplier 2022 0.45 62.65 0.25 113 0.75 0.082 0.54 1.028 1.33 0.9 1.75 2021 0.40 42.42 0.014 98 0.85 0.07 0.65 1.03 1.21 4.375 1.85 2020 0.35 32.25 0.018 94 0.90 0.06 0.70 1.029 1.15 4.45 1.90 Inc
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