26 Prepare a report to the shareholders of Wm Morrison Supermarkets Plc to discuss the company's profitability, liquidity and efficiency for the years ended February 2020 and 2019 restated. Your report should include an appendix containing any relevant ratios calculations that support your answer. (25 marks) CA/CL: 1 (CA-Inventories)/CL: 1 2019 2020 Comment 1379/3349 0.411:1 1322/3396 0.389:1 (1379-713)/330.19:1 (1322-660)/33 0.194:1 652/17735 10 3.68% 629/17536*10 2.44% 521/17536 10 5.90% 521/(4541+29 98.06% (16907+268)/1 2 Morrisons 3 Ratio 4 Current ratio 5 Quick ratio 6 Gross Profit margin 7 Operating Profit margin 8 ROCE 9 Operating ratio 10 Fixed asset turnover ratio 11 Inventory turnover (days) 12 Receivables period 13 Payables period 14 D/E ratio GP/Sales 100, % OP/Sales 100,% OP/(Equity+LTL)*100, % 432/17735*10 432/14325+29 (Expenses+COGS)/Sales 100, % (17083+308)/ Sales/NCA Inventories/COS 365, days TR/Sales 365, days TP/COS 365, days TD/TE 17735/9287 713/17083 36 344/17735 36 3070/17083* 6341/4325 1.9 17536/9598 15.2 660/16907*36 7.1 353/17536 36 65.6 3051/16907*3 1.5 6379/4541 Slight decrease, com Very slight decrease 3.59% slight decrease from 2.65% Slight improvement, 6.92% Slight improvement a 97.94% Slight improvement, s 1.83 Slight decrease, indica 14.2 Slight improvement 7.3 Slight decrease, howew 65.9 slightly decrease, show 1.4 The companies debt to 15 16 17 18 19 20