Flowers Co. Comparative Balance Sheets December 31, 2018 - 2019 Assets Cash Short-term investinents Accounls receivable (ncl) Inventory Property, plant and equipment (net) Total assets 20019 2018 $ 75,000 $ 150.000 75.000 225.000 150.000 112,500 225.000 262,500 975,000 1,125.000 $1,5(K),000 $1,875,000 $ 75,000 150.000 Liabilities and stockholders' cquity Accounts payable Shorl-lerin roles payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 112,500 337,500 300,000 600.000 562.500 262.500 $1.875 000 562.500 412.500 $1,500,000 Flowers Co. Income Statement For the Year Ended December 31, 2019 S1,500,000 937.500 562,500 Net sales Cost of goods sold Gross profil Expenses Operating expenses Interest expense Total expenses Income before income taxes Income tax expense Net income $157,500 67.500 225.000 337,500 10/1,250) S 236,250 a. Using the financial statements, compute the following ratios for Flowers Co. Tor 2019. Show all compulations. (4 marks) 1. Current ratio. 2. Acid-test ratio 3. Accounts receivable turnover, 4. Tuventory tumover. 5. Profit margin. 6. Rclurn on asscts. 7. Asscts Lurnover. 8. Times interest carned. 9. Working capital. 10. Debt to assets ratio. b. Prepare a vertical analysis of the 2019 income statement data for Flowers Co. (2 marks) c. Based on the ratios calculated in (a), and the vertical analysis in (b), discuss bricfly the improvement or lack thereof in Tinancial position and operating resulis from 2018 to 2019 of Flowers Co. marks)