Financial Analysis Simulation: Data Detective (Case Study) Below is the financials assumed for DavidsTea. Analyse the financials to identify if company matches the financial statements. Provide final answers, rationale, and confidence level!

DavidsTea is a branded retailer of specialty tea, offering over 135 premium loose-leaf teas, pre-packaged teas, tea sachets, tea-related gifts, accessories, food, and beverages. The company sells its products primarily through its ecommerce site and its 240 company-operated stores in both the United States and Canada. DavidsTea operates in a competitive industry that is highly fragmented and is subject to seasonal sales fluctuations. The company has plans to continue its investment in its digital platform and marketing and advertising campaign to enhance customers shopping experience and to grow further sales. DavidsTea owns several protected trademarks and trade secrets to maintain its competitive edge. The company has never declared or paid regular dividends, but DavidsTea is open to pay dividends to its shareholders in the future depending on a number of factors, including the companys future earnings.

Balance Sheet	in %
Cash, Cash Equivalents & ST Investments	11.5
Accounts Receivable	5.9
Other Receivables	1.6
Total Receivable	7.5
Inventory	8.9
Other Current Assets	1.6
Total Current Assets	29.6
Property, Plant & Equipment	67.5
Long-term investments & other LT Assets	2
Goodwill & Other Intangibles	1
Total Assets	100
Accounts Payable	6.7
Accrued Expenses	7.7
Unearned Revenue	1
Other Current Liablities	2.5
Total Current Liabilities	17.9
Long-term debt	0
Capital Leases	0
Other Non-current liabilities	7.8
Total Liablities	25.6
Common Stock	0
Additional Paid in Capital	65.4
Retained Earnings	9.1
Treasury Stock	0
Comprehensive Income & Other	-0.2
Total Equity	74.3
Total Liabilities & Equity	100
Income Statement
Revenue	100
Cost of Goods Sold	41.9
Selling, General & Admin Exp	38.4
R&D Exp	0
Depreciation & Amort	5.9
Other Operating Expenses/Income	0.2
Interest Expense	0
Other Expenses & Revenues	-0.3
Income tax expense	2
Other	0
Net Income	11.7
Ratios
ROE	22.8
Profit Margin	11.7
Asset Turnover	1.5x
ROA	12.5
LT Asset Turnover	2.2x
Inventory Turnover	8x
Days Inventory held	45.4
AR Turnover	24.5x
Days Sales Outstanding	14.9
AP Turnover	10.5x
Days Payable Outstanding	34.8
Working Capital Turnover	5.48x
Leverage Ratio	0.3x
Current Ratio	1.7x
Quick Ratio	1.1x