an Qu1. You have been hired as an analyst for HSBC Bank and your team is working on independent assessment of George Best Food Inc. (GBF Inc.). GBF Inc. is a firm that specializes in the production of freshlyimported farm products from Ireland. Your assistant has provided you with the following data for GBF Inc. and their industry. 2019- Ratio 2019 2018 2017 Industry Average 0.35 53.25 0.45 62.65 0.40 42.42 0.35 32.25 0.25 0.014 0.018 0.015 113 98 94 130.25 Long-term debt Inventory Turnover Depreciation/Total Assets Days' sales in receivables Debt to Equity Profit Margin Total Asset Turnover Quick Ratio Current Ratio Times Interest Earned Equity Multiplier 0.75 0.082 0.85 0.07 0.90 0.06 0.70 0.88 0.075 0.40 0.54 0.65 1.028 1.029 1.33 0.9 1.03 1.21 4.375 1.15 4.45 1.031 1.25 4.65 1.75 1.85 1.90 1.88 a. In the annual report to the shareholders, the CEO of GBF Inc. wrote, 2019 was a good year for the firm with respect to our ability to meet our short-term obligations. Is the CEO correct? Explain why you have arrived at your answer. b. What can you say about the firm's asset management? | c. You are asked to provide the shareholders with an assessment of the firm's solvency and leverage