mmunication Questions (13 marks C) swer each question in the space provided. The following information is available from the annual report of Nicholas' Nutty Bulk Chocolate. Nicholas is a bulk chocolate manufacturer and its sales are mainly on credit. The company's selling terms ore net 60 days. In millions) 2021 2020 Sales (assume all sales were on credit) $76,704 $69.656 Beginning receivables 19.843 12,924 Ending receivables 17,922 19.843 Total current assets B7246 76.857 Total current liabilities 33,589 33.671 Days Sales in Inventory 80 Days 72 Days Instructions 1. Fill out the chart below. Write the formula in the first column and just the answers in the next two columns. You don't need to show me your work. Round to one decimal place and use rounded answers to help you find other answers if necessary, (8 marks) Formula (1 mark each) Current Ratio 2021 (0.5 marks each) 2020 (0.5 marks each) Receivables Turnover Collection Period Operating Cycle 2 the company more or less liquid mark How do you know (mark) Comment on what the trend in receivables tumover and colection period means. (mork). Comment on whan the change in operating cycle means mor. Also provide one possible reason (be specific why the liquidity changed the way it did (mark)