M2 ASSIGNMENT (17 points) Use Carnival Cruise Lines' information below to find the ratios from M2. Type your answers in boxes on the M2 Submission Template, then use the analysis chart to analyze them. When you submit the submission template, also submit a backup file showing your calculations. This may be a screenshot of your handwritten work, a Word document, or an Excel file, and it must show the problem numbers. CONS. BALANCE SHEETS Current Assets Cash & cash equivalents $2,415 Restricted cash 11 Trade & other receivables, net 556 Inventories 528 Prepaid expenses & other 1,757 Total current assets 5,266 Property & Equipment, Net |40,116 Operating Lease Assets 1,265 Goodwill 579 Other Intangibles 1,169 Other Assets 725 Assets 49,120 Current Liabilities Current long-term debt 2,089 Current operating lease liabilities 149 Accounts payable 1,168 Accrued liabilities & other 2,003 Customer deposits 6,072 Total current liabilities 11,481 Long-Term Debt 28,483 Long-Term Lease Liabilities 1,170 Other Long-Term Liabilities 1,105 Shareholders' Equity Additional paid-in capital 16,712 Retained earnings 185 Acc. other comp. income (loss) (1,939) Treasury stock (8,449) Total shareholders' equity 6,882 Liabilities & Shareholders' Equity 49,120 CONS. STATEMENT OF INCOME Revenues $21,593 Cost of goods & services 14,317 Selling & administrative 2,950 Depreciation & amortization 2,370 Costs & expenses 19,637 Operating Income (Loss) 1,956 Interest income 233 Interest expense, net (2,066) Debt ext. & modification costs (111) Other income (expense), net (75) Nonoperating Income (Expense) (2,018) Income (Loss) Before Taxes (62) Tax Benefit (Expense), Net (13) Net Income (Loss) $(74) M2 SUBMISSION TEMPLATE (17 points) Use of this template is required. Do not put anything on this sheet other than your answers. I know your name, my name, the course number, the section, the date, etc. Do not change the format. 2023 2022 2021 Days inventory held 36.75 35.20 Days sales outstanding 19.96 22.20 Cash cycle 56.71 57.40 Days payable outstanding 29.47 27.13 Times interest earned 0.38 0.23 IF YOU'RE NOT CONCERNED, LEAVE IT BLANK! Days inventory held Days sales outstanding Cash cycle Days payable outstanding| Times interest earned Movement that concerns you (include years) Problem indicated by movement