A. (12 points) Calculate the financial ratios of Spinneys in 2022. Financial Ratio 1. Percentage of assets invested in inventory (PII) 2. Inventory Turnover (INVT)) 3. Days of inventory (DOI) 4. Days sales outstanding (DSO) 5. Days purchases outstanding (DPO) Formula 6. Cash-to-cash Cycle (C2C) 2022 2021 22,59% 8,19 44,58 5,83 60,04 -9,63 B. (8 points) Analyze the change between the years 2021 and 2022 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? Q2) Consider the financial statement of Spinneys given in the table below. Spinneys Income Statement Net operating revenues Cost of goods sold Gross Profit 2022 2021 82200 81400 61500 61400 21300 20600 Selling, general and administrative expenses 16500 16100 Operating income 5300 5100 Interest expense 1000 1000 Other income (loss)- net 600 600 Income before taxes 5000 4700 Income taxes 2000 2000 Other expenses 700 600 3400 3200 Net income Balance Sheet Assets 2022 2021 Cash and cash equivalents 2100 2000 Short term investments 500 500 Net receivables 1400 1300 Inventories 7200 7500 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 Total current liability Long-term debt 600 600 11700 10100 7800 7500 Other liabilities 2100 2100 Total liabilities 20500 20100 Stockholder equity 1600 1100