Ket system My Dispense Academic Calendar My courses (CLO#2) Answer the following questions A) You have the following Balance sheet for Al Ain Corporation Comparative Balance Sheet As at August 31, 2020 and 2021 (Millions of Dollars) Assets 2020 2021 $ 90 $ 30 108 72 155 293 185 347 720 600 240 240 480 Cash Accounts Receivable Inventory Total Current Assets Gross fixed assets Accumulated depreciation Net fixed assets Total assets Liabilities and owners 'equity Accounts payable Notes payable Total current liabilities Long term debt Common stock Retained earnings Total liabilities and owners 'equity 360 653 827 120 192 54 240 240 174 215 198 155 198 126 653 174 827 For Al Ain company, profit after tax is $155 million and Sales are $375 million for 2021 On the other hand, profit after tax is $ 90 million and Sales are $300 million for 2020. Based on the aforementioned information 1. Analyze the financial performance for Al Ain company for the two years and comments on the results using the following financial ratios. 1. Quick Ratio 2. Total Assets Turnover 3. Average collection period ENG 5:01 PM 3/2/2022 DUTO A0125