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Part b) Financial analysis is one the most important tool managers use to evaluate firm's profitability and liquidity position. It also helps organizations in long run. Each student is required to download Annual Report 2020 of any manufacturing firm of your own choice. Take the annual data from its 2 important financial statements: Balance Sheet and Income Statement and calculate profitability and liquidity ratios by using formulas given below: i. Current ratio ii. Working Capital Inventory turnover ratio Days sales outstanding Receivable turnover vi. Gross profit margin vii. Net income percentage viii. Return on equity Calculate and analyze the company's performance on the basis of results produced by using above ratios. iii. iv. V