A friend of yours tells you there is a great investment opportunity with a company. He says the ROE has been rising for years and now is the time to buy. You calculate a few key ratios. Analyze the data and determine if you believe this company is as good of an investment as your friend thinks. a. Analyze the CCC of this company and discuss what the data tells you about the company's liquidity position. (10 points) b. Analyze the ROE of this company and discuss what the data tells you about the company's performance. Defend your answer. (10 points) c. Explain how getting the components of CCC in line can help to improve the ROE. Be sure to identify which parts of ROE would improve. (10 points) d.Explain whether you agree with your friend. Defend your choice. (4 points) 2019 2018 2017 2016 Peer Times Interest Earned 3.76 6.59 9.34 11.81 10.75 3.23% 3.63% 3.69% 3.70% 3.50% Net Margin Asset Turnover 2.38 2.68 2.89 3.01 3.88 Equity Multiplier ROE 2.09 1.50 1.34 1.28 1.30 16.07% 14.59% 14.29% 14.26% 17.65% DIO 67.34 65.50 61.75 60.85 60.00 DSO 30.18 25.25 15.00 15.15 15.50 DPO 35.37 35.15 36.00 35.00 35.00 CCC 62.15 55.60 40.75 41.00 40.50