a. Investigate the accounts receivable turnover and inventory turnover of the company over the 2021-2022 period. What do these patterns tell you about the firm's ability to convert account receivables and inventories into cash? b. Examine the debt ratios and the time interest earned ratios over the 20212022 period. What do these patterns suggest about the firm's level of riskiness and protection for creditors? c. Perform the horizontal and vertical analysis over the 2021-2022 period to supplement your ratio analyses above. In terms of debt-paying ability, what else do you find from the horizontal and vertical analyses? d. Based on your answers to all questions above, provide an overall assessment of the company's short-term and long-term debt-paying ability BAIANCE SHEET 2022 2021 ASSETS Curxent Assete Canh Maxketoble Securition Gross Receivables Iose: Allowance fox Bad Debto Not Trman Receivables Invontoxioe Prepaid Expenses Othex Cuxxent Awsets Totol Cuxxont hesets Lomg-Texin Ameoto: Net Tangible (Fixed) Anoets (othex thon ponetruotion in progrone) Conmexuction in Progross Intangible havetro Inversmente Othex Nonopexating Assets Othox Opoxating Amoto Total Long-Term Anneto Total eseto IIABIIITIES AND EQUITY Cumpont Iiabilities Accounte Payable Short Texm Loens Cuxront Metuxity of I.t. Debt other Cuxxent Iiabilities \begin{tabular}{|c|c|} \hline & \\ \hline & - \\ \hline & \\ \hline 76877 & 174609 \\ \hline 0 & 0 \\ \hline 170956 & 145532 \\ \hline 7489 & 5756 \\ \hline 163467 & 139776 \\ \hline 30861 & 25955 \\ \hline 23091 & 18524 \\ \hline 116902 & 95010 \\ \hline 411278 & 454754 \\ \hline 580316 & 619041 \\ \hline 0 & 0 \\ \hline 936059 & 836135 \\ \hline 304202 & 352193 \\ \hline 119869 & 90286 \\ \hline 0 & 0 \\ \hline 2020446 & 1897655 \\ \hline 2431724 & 2352409 \\ \hline & \\ \hline 195934 & 242850 \\ \hline 0 & 0 \\ \hline 32035 & 0 \\ \hline 412613 & 295972 \\ \hline & \\ \hline 640582 & 530022 \\ \hline 612066 & 507375 \\ \hline 8870 & 9100 \\ \hline 85249 & 67320 \\ \hline 0 & 0 \\ \hline 0 & 0 \\ \hline 663000 & 834647 \\ \hline 1369185 & 1418450 \\ \hline 2009767 & 1957272 \\ \hline 0 & 0 \\ \hline 421957 & 395137 \\ \hline 421957 & 395137 \\ \hline 2431724 & 2352409 \\ \hline \end{tabular} Total Cuxpent riabilition long-Term Liobilitios? Iong-texm Dobt Resexuers Defexxed I,iabilities Honcontrolizing Intexeet Redeemeble Pxefexrod othex Iong-texm Liabilities Total Long-toxm Liabilitien Totel Iiobilitien Shaxeholdoxs: Equiey Pxefexied Equity Comnon Equity-inol. Ret. Exn Totol Fquity Totol Liabilitzes and Fquity 2431724 2352409
