a) Compute the following ratios for the years 2021 and 2022.

Current Ratio

Quick Ratio (Acid Test)

Inventory Turnover

Average Collection Period for Accounts Receivable

Accounts Payable Turnover

Gross Margin (Profit) Ratio

Return on Sales

Return on Total Assets (ROA)

Return on Equity (ROE)

Times Interest Earned (Interest Coverage)

Long-term Debt Ratio

Debt Ratio

b) For each of the following items, indicate whether the change from 2021 to 2022 for TPRA seems to be favorable or unfavorable.

Ability to pay current debt on time

Efficiency of the company in paying its suppliers

Collectability of receivables

Risks of insolvency

Salability of merchandise

Return on sales

ROE

Overall accomplishment.

10. Consider the data for TPRA below (Assume all sales are on credit, and use "Net Statement of Comprehensive Income (Amounts expressed in thousands of Turkish Lira ("TRY") unless otherwise indicated.) 10. Consider the data for TPRA below (Assume all sales are on credit, and use "Net Statement of Comprehensive Income (Amounts expressed in thousands of Turkish Lira ("TRY") unless otherwise indicated.)