Group assignment Use the 2020 financial statements for Adidas in appendix A at the end of the textbook to answer the following questions. (Show details in calculations. Submit your answer in Word or PDF) Part A a. Compute the following for 2020 and 2019. (Some calculations require information from ten-year overview) 1) Current ratio, 2) Quick ratio, 3) Debt ratio, 4) Working capital 5) Inventory turnover and accounts receivable turnover 6) Operating cycle b. Evaluate quality of working capital. Comment on company's ability to repay it's current liabilities and long-term liabilities. PartB c. Compute the following for the 2020 and 2019 fiscal years. (Some calculations require information from ten-year overview) 1) Percentage change in sales (relative to the prior year) 2) Percentage change in profit (relative to the prior year) 3) Gross profit ratio 4) Profit as a percentage of sales 5) Return on assets 6) Return on equity b. Comment on your results. Evaluate profitability of Adidas. Group assignment Use the 2020 financial statements for Adidas in appendix A at the end of the textbook to answer the following questions. (Show details in calculations. Submit your answer in Word or PDF) Part A a. Compute the following for 2020 and 2019. (Some calculations require information from ten-year overview) 1) Current ratio, 2) Quick ratio, 3) Debt ratio, 4) Working capital 5) Inventory turnover and accounts receivable turnover 6) Operating cycle b. Evaluate quality of working capital. Comment on company's ability to repay it's current liabilities and long-term liabilities. PartB c. Compute the following for the 2020 and 2019 fiscal years. (Some calculations require information from ten-year overview) 1) Percentage change in sales (relative to the prior year) 2) Percentage change in profit (relative to the prior year) 3) Gross profit ratio 4) Profit as a percentage of sales 5) Return on assets 6) Return on equity b. Comment on your results. Evaluate profitability of Adidas