Financial Analysis 2015 3% 2014 3% 2013 3% 2012 4% 2011 2% Return on Sales Return on Equity 16% 16% 11% 18% 7% Average Collection Period 60 52 67.6 66.4 86 Inventory Turnover Current Ratio 4.9 4.5 2.9 3.4 3.4 2.5 2.4 2.5 2.4 Quick Ratio Times Interest Earned 6.6 5.9 5.6 15.3 10.5 Debt to Equity 1.7 1.9 Fixed Asset Turnover 8.6 11.1 5.8 4.8 1. Prepare an analysis evaluating the trends in these and any other ratios you feel are appropriate, based on the statistics provided. Identify the events or situations that have caused the changes in the ratios from year to year. 2. Calculate what the investment in Accounts Receivable and Inventory would have been if the Average Collection Period and Inventory Turnover remained at 20X1 levels. Discuss the consequences if these measurements had not changed. 3. Provide an assessment of the performance of management