Based on the data below, please determine whether: a. Creditors should loan money to Mizuno in the short term b. Creditors should loan money to Mizuno in the long term c. Investors should buy, hold, or sell the stock Ratio Calculation Current Assets/Current Liabilities IVIIZUNO (in millions of dollars, except per share data) 2021 2020 2019 Net Receivables (A/R net of allowance for doubtful accounts) 569014 527340 708714 Inventory 811410 895974 892258 Total Current Assets 3336299 3222975 Fixed Assets (PPE), Net of Accumulated Depreciation Total Assets Total Current Liabilities Total Liabilities Total Stockholder's Equity**** Net Sales Revenue Net Credit Sales* Cost of Goods Sold Interest Expense Income Tax Expense Net Income**** Basic Earnings per Share** Dividends per Share Market Price per Share*** Ratio Current ratio 607226 658678 792148 4991396 5030628 4843531 1450176 1413276 2902402 3354635 2088994 1675993 2150087 5683466 4474667 5683466 4474667 2821967 2314572 44300 47259 32,072 49387 360060 -549177 0.77 -1.21 0 0 18.04 14.88 IvIIzuno 2021 2020 2.301 2.280 Net profit margin Net Income/Net Sales 0.063 -0.123 Return on equity Return on assets Net Income/Average Shareholders' Equity 0.191 -0.287 Net Income/Average Total Assets 0.072 -0.111 Total asset turnover ratio Net Sales/Average Total Assets 1.134 0.906 Receivable turnover ratio Inventory turnover ratio Fixed asset turnover ratio Debt-to-equity ratio Net Credit Sales/Average Accounts Receivable 10.368 7.240 Cost of Goods Sold/Average Inventory 3.306 2.589 Net Sales/Average Fixed Assets 8.979 6.168 Total Liabilities/Total Shareholders' Equity 1.389 2.002 Times interest earned ratio Net Income/Interest Expense 8.128 -11.621 D Mizuno P 2021 2020 Current assets (% of total assets) Non-current assets (% of total assets) 66.84 64.07 33.16 35.93 Current liabilities (% of total liabilities) Non-current liabilities (% of total liabilities) 2021 2020 49.96 42.13 50.04 57.87 2021 2020 Debt (Liabilities) (% of total liabilities & equity) 58.15 66.68 Equity (% of total liabilities & equity) 41.85 33.32 (e.g., straight line, declining, units of production) (e.g., LIFO, FIFO, average cost) (e.g., PwC, EY, KPMG, Deloitte) straight line FIFO PwC