4) Consider the financial statement of Spinneys given in the table below. Income Statement Net operating revenues Cost of goods sold Gross Profit Spinneys 2022 2021 81200+1000*Group 81400 number 61500+1000*Group 61400 number 21300 20600 Selling, general and administrative expenses 16500 16100 Operating income Interest expense Other income (loss)- net Income before taxes Income taxes Other expenses Net income 5300 5100 1000 1000 600 600 5000 4700 2000 2000 700 600 3400 3200 Balance Sheet Assets 2022 2021 Cash and cash equivalents 2100 2000 Short term investments 500 500 Net receivables Inventories 1400 1300 7000+200*Group 7500 number Total current assets 10200 10300 Property, plant and equipment 21000 19700 Goodwill 3800 3600 Other assets 1300 1300 Total assets 34700 33200 Liabilities and Stockholder Equity 2022 2021 Accounts payable 10700 10100 Short-term debt 1500 2100 Other current liability 600 600 Total current liability Long-term debt Other liabilities Total liabilities Stockholder equity 11700 10100 7800 7500 2100 2100 20500 20100 1600 1100 A) Calculate the financial ratios of Spinneys in 2022 and 2021. (25 points) B) Analyze the change between the years 2022 and 2021 in terms of financial ratios. Which financial ratios would you check to evaluate the performance of inventory management and cash management? Which year is better in terms of inventory management and cash management? (15 points)