Data (millions)	2021	2020	2019	2018
Inventory:
Raw Materials	242	198	155	128
Work in progress	116	77	49	33
Finished goods	567	482	398	257
Total inventory	925	757	602	418
Current assets	1800	1423	1183	841
Total Assets	2643	2523	2408	2090
Current Liabilities	600	590	525	420
Sales	9428	8674	7536	6840
Cost of goods sold	6,328	5,474	4,445	3,557
Net income	754	987	979	958

1. Compute the current ratio, gross profit ratio, net profit margin ratio, inventory turnover ratio and days in inventory for the four years.
2. From the ratios calculated in (a) above, is there justification for Ericas concerns? Discuss the problems, implications, and potential causes of the changes in the ratios over the four years.

(c) As the newly employed chief finance officer in Gentry Electronics, discuss potential remedies to problems discussed in (b) above and how each suggestion will alleviate Ericas fears or improve the performance of the company.

(d) Discuss two possible concerns Erica Harding and the management of Gentry Electronics will possibly raise regarding your suggestions in (c) above and offer two alternative sources of finance for Gentry?

(e) Discuss two financial and operating risks Gentry may face if all suggestions provided by Erica and Jeff are adopted. Are there possible corporate governance and ethical issues which might arise in relation to ideas presented by Erica and Jeff.