(LO2) The balance sheet and income statement of Dana Dairy Products for the year 2013 are given below (05 Marks) Required: You are required to Required: You are required to calculate and comment on the following ratios 1) Current ratio 2) The inventory turnover in days 3) The average collection period 4) The gross profit margin 5) Net profit margin Appendix: 1. Current ratio =CA/CL 2. Inventory tumover = COGS / Inventory 3. Inventory turnover in days =365 I inventory turnover 4. Average collection period = AR I ( Sales/365) 5. Gross Profit Margin = Sales - COGSISALES 6. Net profit margin = Earnings available for common stockholders/sales (LO2) The income statement information is given for XYZ company for the years 2020 and 2021. You are required to prepare the common size income statement for both years and comment on the performance of each parameter of income statement as worse, good or ok. Format. (LO2) The balance sheet and income statement of Dana Dairy Products for the year 2013 are given below (05 Marks) Required: You are required to Required: You are required to calculate and comment on the following ratios 1) Current ratio 2) The inventory turnover in days 3) The average collection period 4) The gross profit margin 5) Net profit margin Appendix: 1. Current ratio =CA/CL 2. Inventory tumover = COGS / Inventory 3. Inventory turnover in days =365 I inventory turnover 4. Average collection period = AR I ( Sales/365) 5. Gross Profit Margin = Sales - COGSISALES 6. Net profit margin = Earnings available for common stockholders/sales (LO2) The income statement information is given for XYZ company for the years 2020 and 2021. You are required to prepare the common size income statement for both years and comment on the performance of each parameter of income statement as worse, good or ok. Format