Jewwel Inc., is a company that sells jewelry to retailers and high-net-worth individuals. Below (Table 1.1) are the financial statements of Jewwel Inc., in 2018 - 2019 (in billion Rp). Jewwel Inc, operates its business activities for 360 days every year. As the financial manager of Jewwel Inc., you want to analyze the financial performance of this company compared to other competitors in the industry in 2019. To support your analysis, you also get some information below (Table 1.2) * Table 1.1 2019 2018 2019 2019 250 2018 150 Sales COGS Opr. expenses Depreciation 3.250 1.750 800 Inventory Current Asset Current Liabilities Fixed Asset 1.000 800 LT Debt 950 1.200 Total Liabilities Common stock Accumulated RE Total equity Total LE 100 EBIT Interest expense Taxable income Taxes (25%) Net Income 1.000 100 900 1.000 2.000 1.000 1.100 2.300 Total Asset 2.300 2.000 Table 1.2 Industry Average Current Ratio 3.5 times Debt-to-Equity Ratio 2.0 times 1.5 times Total Asset Turnover Net Profit Margin 15% Return on Asset 22 Fixed Asset 1.000 800 LT Debt 950 1.200 850 1.000 TAS expense 100 100 Taxable income Taxes (25%) Total Liabilities Common stock Accumulated RE Total equity Total L+E Net Income Total Asset 1.000 1.100 2.300 900 1.000 2.000 2.300 2.000 Table 1.2 Industry Average Current Ratio 3.5 times 2.0 times Debt-to-Equity Ratio Total Asset Turnover 1.5 times Net Profit Margin 15% Return on Asset 22% Operating Cycle 150 days Based on the financial statements, answer the following questions: 1. What can you say about the company's financial performance in 2019 in terms of liquidity, solvency, asset management and profitability? 2. How many days is the company's operating cycle in 2019? (Note: use average to calculate ratios) 3. What can you suggest to improve the financial performance of the company in the future? For calculation, round your final answer into two decimal places