Attached are financial statements from the 2018 Annual Report of Michael's Companies, Inc. NOTE: on the Income Statement and Statement of Cash Flows, the column "2017", "2016". and fiscal year, the 1/28/17 fiscal year, and the 1/30/16 fiscal year respectively 2015" represents the 2/3/18 Calculate the company's working capital, current ratio, and acidtest ratio at February 3, 2018 and January 28, 2017 (3 points) 2017 2018 Working Capital Current Ratio Acid-Test Ratio 2. Based on the results of your analysis above, assess the company's overall liquidity position. Explain which ratios indicate particular strengths and/or weaknesses. Assume the following industry averages for 2018 and 2017 respectively: Current ratio 0.43 1.43 and 1.37; Acid-test ratio- 0.37 and (3 points) 3 Explain how working capital and the current ratio are related. Would you expect firms with large amounts of working capital to always have high current ratios?4 points) 4. Calculate ROI for February 3, 2018 and January 28 2017. (Total assets at 1/30/16 amounted to S2,031,287 in thousands) (2 points) 2018 2017