CASE 1: RABADN Y ASOCIADOS The financial advisory department of RABADN Y ASOCIADOS has received information regarding two of its client companies. The balance sheet of the company ACEMELSA As of December 31, it is presented in table 1.1 (in thousands of euros). In addition, it is known that the number of shares outstanding is 9,000,000 and that they were trading at 2.5 euros on the same date. TABLE 1.1 ACEMELSA's balance sheet at December 31 (thousands of euros) The income statement as of the same date is as follows (in thousands of euros): TABLE 1.2 ACEMELSA's income statement at December 31 (thousands of euros) On the other hand, the company PROCERSA has the following information regarding its income statement (in thousands of euros): sales, 5,840; raw materials ending stock 43; work in progress ending stock 286; purchases, 2,145; raw materials beginning stock, 57; work in progress beginning stock 215 ; finished products beginning stock, 286; direct labor, 1,716; manufacturing expenses, 972; depreciation and amortization for the year, 114. It is known that its products require a manufacturing period of 30 days and storage periods, both for its finished products and for its raw materials until they are processed, of 30 days. It operates, in turn, with a credit to customers of 35 days and a deferred payment to suppliers of 25 days. Issues to be resolved: 1. Using the analysis of financial ratios, establish a diagnosis of ACEMEISA's situation, pointing out its positive and negative aspects, comparing it with the average ratios of the sector found in the appendix