Calculate the financial ratio of Gudang Garam Company Tbk (GGRM) Financial Statement of the Year 2019. (refer to https://bit.ly/GGRMFY2019). Do the ratio analysis of the financial statement of 2019 and attempt to analyze the performance of Gudang Garam Tbk. Provide interpretation of what does the numbers of the financial ratio analysis represents. And, give brief recommendation of what the company should do to perform better in your opinion.

In general. the ratio analysis is separated into four primary categories. A. Profitability Ratios. 1. Profit margin. 2. Return on assets (investment). 3. Return on equity. B. Asset utilization ratios. 4. Receivable turnover. 5. Average collection period. 6. Inventory turnover. 7. Fixed asset turnover. 8. Total asset turnover.

C. Short-Term Solvency/ Liquidity ratios. 9. Current ratio. 10. Quick ratio. 11. Cash Ratio 12. Net working capital to total assets

D. Long-Term Solvency/ Debt utilization ratios. 13. Debt to total assets. 14. Times interest earned.