CASE STUDY You have been hired as an analyst for Mellon Bank and your team is working on an independent assessment of Daffy Duck Food Inc. (DDF Inc.) DDF Inc. is a firm that specializes in the production of freshly imported farm products from France. Your assistant has provided you with the following data for Flipper Inc and their industry. Ratio 2019 2018 2017 Long-term debt Inventory Turnover Depreciation/Total Assets Days' sales in receivables Debt to Equity Profit Margin Total Asset Turnover Quick Ratio Current Ratio Times Interest Earned Equity Multiplier 0.45 62.65 0.25 113 0.75 0.082 0.54 1.028 1.33 0.9 1.75 0.40 42.42 0.014 98 0.85 0.07 0.65 1.03 1.21 4.375 1.85 0.35 32.25 0.018 94 0.90 0.06 0.70 1.029 1.15 4.45 1.90 2019- Industry Average 0.35 53.25 0.015 130.25 0.88 0.075 0.40 1.031 1.25 4.65 1.88 a. What can you say about the firm's asset management? Be as complete as possible given the above information. (30 points)