Based on the ratios provided, discuss trends in the company's liquidity position, including its ability to pay current liabilities, and trends in its ability to pay long-term debts.

Using the KEY HIGHLIGHTS FILE and financial data throughout the five years for Bed Bath and Beyond Corp discuss: a. Trends in the company's Liquidity position including its ability to pay current liabilities; b. Ability to sell inventory c. Trends in the company's ability to pay long-term debt; and d. Profitability trends 2022 2021 2020 2019 2018 LIQUIDITY RATIOS: Current Ratio: Current Assets / Current Liabilities 1.14 1.58 1.55 1.88 1.83 Quick Ratio: (Current Assets - Inventory) / Current Liabilities 0.31 0.85 0.70 0.62 0.57 ASSET MANAGEMENT RATIOS: Inventory Turnover = cost of goods sold / average inventor Number of days in inventory = 365/ inventory turnover Total Assets Turnover = sales revenue/ average total assets 3.17 3.25 3.23 2.96 2.81 115.15 112.39 112.92 123.20 130.11 1.36 1.30 1.55 1.77 1.78 SOLVENCY RATIOS: Times Interest Earned Ratio: EBIT / Interest expense Debt/TA ratio -6.30 -4.38 0.00 0.00 16.32 0.97 0.80 0.77 0.61 0.59 Debt/Equity ratio 28.46 4.06 3.41 1.57 1.44 PROFITABILITY RATIOS: Operating Return on Assets = EBIT / total assets -0.08 -0.05 -0.09 -0.01 0.11 Net Return on Assets = Net income / total assets -0.11 -0.02 -0.08 -0.02 0.06 Return on Equity = Net income / equity -3.21 -0.12 -0.35 -0.05 0.15 Gross Profit Margin ratio = gross profit / sales revenue 0.32 0.34 0.32 0.34 0.36 Operating Profit Margin = EBIT / sales revenue -0.05 -0.04 -0.06 -0.01 0.06 Net Profit Margin = net income / sales revenue -0.07 -0.02 -0.06 -0.01 0.03