Evaluate the company$$s ability to sell inventory and pay debts during $2022$ and $2021.$ In your analysis, you should compute the following ratios, and then comment on what those ratios indicate. Since the $2022$ annual report only includes the balance sheets for $2022$ and $2021,$ you will need to look up the annual report for $2021$ for information about $2020$ accounts receivable, inventory, and accounts payable. Aritzia Inc.

Consolidated Statements of Financial Position

As at February $27,2022$ and February $28,2021$

$($in thousands of Canadian dollars$)$

$\backslash$table$[[,$Note,$\backslash$table$[[$February $27,],[2022]],\backslash$table$[[$February $28],[2021]]],[$Assets$],[$Cash and cash equivalents,,$$,265,245,$$$,149,147],[$Accounts receivable,,,$8,147,,6,202],[$Income taxes recoverable,,,$6,455,,4,719],[$Inventory$,5,6,,208,125,,171,821],[$Prepaid expenses and other current assets,$1\mathrm{.}13,,33,564,,23,452],[$Total current assets,,,$521,536,,355,341],[$Property and equipment,$7,,223,190,,189,568],[$Intangible assets,$5,8,,87,398,,62,049],[$Goodwill$,5,8,,198,846,,151,682],[$Right$-$of$-$use assets,$5,9,,362,887,,363,417],[$Other assets,,,$4,271,,2,886],[$Deferred tax assets,,,$26,458,,15,794],[$Total assets,,$$,1,424,586,$$$,1,140,737],[$Liabilities$],[$Accounts payable and accrued liabilities,$10,$$$,179,344,$$$,131,893],[$Income taxes payable,,,$58,917,,8,287],[$Current portion of contingent consideration,$5,13,,6,619,,-],[$Current portion of lease liabilities,$9,,86,724,,71,452],[$Deferred revenue,,,$55,721,,37,563],[$Total current liabilities,,,$387,325,,249,195],[$Lease liabilities,$9,,417,067,,423,380],[$Other non$-$current liabilities,$11,,22,359,,15,059],[$Contingent consideration,$5,13,,6,618,,-],[$Non$-$controlling interest in exchangeable shares liability,$5,13,,35,500,,^(-)],[$Deferred tax liabilities,$5,,24,906,,17,985],[$Long$-$term debt,$12,,-,,74,855],[$Total liabilities,,$$,893,775,$$$,780,474],[$Shareholders$\text{'}$ equity$],[$Share capital,$14,$$$,251,291,$$$,228,665],[$Contributed surplus,,,$56,342,,56,606],[$Retained earnings,,,$223,553,,75,216],[$Accumulated other comprehensive loss,,,$(375),,(224)],[$Total shareholders' equity,,,$530,811,,360,263],[$Total liabilities and shareholders' equity,,$$,1,424,586,$$$,1,140,737]]$

Commitments and contingencies $($note $21)$

$1.$ Accounts receivable turnover

$2.$ Inventory turnover

$3.$ Accounts payable turnover and days$$ payable outstanding

$4.$ Cash conversion cycle

$5.$ Current ratio

$6.$ Quick $($acid$-$test$)$ ratio

$7.$ Debt ratioAritzia Inc.

Consolidated Statements of Financial Position

As at February $28,2021$ and March $1,2020$

$($in thousands of Canadian dollars$)$