In MEMO form: how did this corporation do comparing one period to another period (be specific).

1 page MEMO, typed, l2pt font, single spaced (refer to the ratio calculations below, as well as overall observations)

	Ratio	Formula
1	Current ratio	Current assets/Current liabilities
2	Accounts Receivable turnover ratio	Net Sales/ Ave Accounts Receivable
3	Ave Number of days in Accounts Receivable	365/Accounts receivable turnover
4	Profit Margin on Sales ratio	Net income/Net sales
5	Return on Assets	Net income/Ave total assets
6	Debt to assets ratio	Total liabilities/Total assets

	2020	2019
1	(20,441,000,000/11,907,000,000) * 100 = 171.67%	(15,667,000,000/10,863,000,000) * 100 = 144.22%
2	(34,608,000,000/ (6,414,000,000 + 5,425,000,000)/2) = 5.85 times	(31,904,000,000/5,425,000,000) = 5.88 times
3	365/5.85 = 62.4 days	365/5.88 = 62.1
4	(4,495,000,000/34,608,000,000) * 100 = 12.99%	(3,687,000,000/31,904,000,000) * 100 = 11.56%
5	(4,495,000,000/72,548,000,000) * 100 = 6.2%	(3,687,000,000/67,887,000,000) * 100 = 5.43%
6	(39,545,000,000/72,548,000,000) * 100 = 54.51%	(36,586,000,000/67,887,000,000) * 100 = 53.89%