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Fiddler's Green Inc is in the fresh fish industry. It has the following ratios over the years. The industry average of ratios is provided below

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Fiddler's Green Inc is in the fresh fish industry. It has the following ratios over the years. The industry average of ratios is provided below as well. Ratio 2019 2018 2017 Industry Average (2019) 0.45 0.40 0.35 0.35 Long-term debt Inventory Turnover 62.65 42.42 32.25 53.25 113 98 94 130.25 Days' sales in receivables Debt to Equity 0.75 0.85 0.90 0.88 Profit Margin 0.082 0.07 0.06 0.075 Total Asset Turnover 0.54 0.65 0.70 0.40 Quick Ratio 1.028 1.03 1.029 1.031 Current Ratio 1.33 1.21 1.15 1.25 Times Interest Earned 2.9 4.375 4.45 4.65 Equity Multiplier 1.75 1.85 1.90 1.88 A. In the annual report to the shareholders, the CEO of Fiddler's Green Inc wrote, 2019 was a good year for the firm with respect to our ability to meet our short-term obligations. We had higher liquidity largely due to an increase in highly liquid current assets (cash, account receivables and short-term marketable securities). Is the CEO correct? Explain using relevant information in your analysis. B. What can you say about the firm's asset management for a firm engaged in fresh fishing industry? Which assets are being managed well? Which assets should the management be worried about? Explain using relevant information in your analysis. C. Comment on Fiddler's Green's solvency and leverage situation. Explain using relevant information in your analysis

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