b. Identify whether the change in each ratio from 2020 to 2021 calculated in (a) was favourable, unfavourable, or no change.

c. identifty whether overall (1)liquidity(2)solvency,and (3) profitability improved, deteriorated, or remained the same between 2021 and 2021.

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Question 3 of 4 - /25 2021 2020 Liquidity Ratios 1. Current ratio 1.98 : 1 1.86 :1 1 2. Acid-test ratio 1.13 :1 1 12 :1 3. Receivables turnover 5.6 times 5.3 times 4. Collection period 625 days 663 days 5. Inventory turnover 4.83 times 5.21 times 6. Days sales in inventory 75.6 days 70.1 days 7. Operating cycle 138.1 days 1365 days Solvency Ratios 8. Debt to total assets 495 512 %6 Question 3 of 4 -12 8. Debt to total assets 49.5 % 51.7 % 9. Interest coverage 2.94 times 5.25 times 10. Free cash flow $ -8000 12000 Profitability Ratios 11. Gross profit margin 29.8 % 31.7 % 12 Profit margin 5.7 %6 6 7.2 %6 13 Asset turnover 1.26 times 13 times 14. Return on assets 72 % 9.3 % 15. Return on equity 14.55 %6 205 96 16. Earnings per share 2.55 3.00 17. Payout ratio 3.9 * 13.3 Identify whether the change in each ratio from 2020 to 2021 calculated in (a) was favourable, unfavourable, or no change. Change Liquidity Ratios 1. Current ratio 2. Acid-test ratio 3. Receivables turnover 4. Collection period a 5. Inventory turnover 6. Days sales in inventory 7. Operating cycle Solvency Ratios Solvency Ratios 8. Debt to total assets 9. Interest coverage 10. Free cash flow Profitability Ratios 11. Gross profit margin li TTT 12 Profit margin 13. Asset turnover 14 Return on assets 15. Return on equity 16. Earnings per share 15 Return on equity 16. Earnings per share 0.. 17 Payout ratio eTextbook and Media Identify whether overall (1) liquidity, (2) solvency, and (3) profitability improved, deteriorated, or remained the same between 2020 and 2021 (1) Liquidity . 12) Solvency (3) Profitability . Texthook and Media