Luxurious Corp. is a company that sells jewelry to retailers and high-net-worth individuals. Below (Table 1.1) are the financial statements of Luxurious Corp. in 2018 - 2019 (in billion Rp). Luxurious Corp. operates its business activities for 360 days every year. As the financial manager of Luxurious Corp., 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 about financial highlight of the industry in 2019 (Table 1.2) *

Balance Sheet Cash Acc. Receivable Inventory Current Asset 2019 300 400 600 1,300 Table 1.1. Luxurious Corp's Financial Statements 2018 Balance Sheet 2019 2018 Income Statement Acc. Payable 200 150 Sales 500 COGS 500 Opr. expenses 1,200 Current Liability 200 150 Depreciation EBIT 800 Long-term Debt 900 850 Interest expense Total Liability 1,100 1,000 Taxable income Common Stock 100 100 Taxes (25%) Acc. R/E 1,000 900 Net Income Total Equity 1,100 1,000 2,000 Total Liab + Eg 2,200 2,000 2019 3,000 1,500 900 100 500 Fixed Asset 900 Total Asset 2,200 Table 1.2. Financial Highlight - Industry Industry Average Current Ratio 3.5 times Debt-to-Equity Ratio 2.0 times 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 Luxurious Corp.'s financial performance in 2019 in terms of liquidity, solvency, asset management and profitability? 2. How many days is Luxurious Corp.'s operating cycle in 2019? (Note: use average to calculate ratios) 3. What can you suggest to improve the financial performance of Luxurious Corp. in the future? For calculation, round your final answer into two decimal places