PLEASE ALSO INDICATE THE SOLUTION, TYSM.

Part B. From the following financial report of Jensen Equipment Corp. as at Dec 31, 2021, 2020, and 2019, analyze the accounts and compute the items as required, for the latest two years: Statement of Financial Position P P P Cash & temporary investments Accounts receivable Inventories Prepayments Property & equipment, net Long-term investments Other assets Total Assets 2021 14,066 9,986 24,995 1,240 115,405 11,746 2.480 179,918 2020 5,132 11,350 21,634 1,156 107,532 24,761 2.674 174,239 2019 15,806 11,587 19,471 1190 110,789 11,276 2.381 172.500 P P P Accounts & notes payable Accrued expenses Income tax payable Loans payable - due next year Long-term liabilities Capital stock, P10 par Additional paid-in capital Retained earnings Total Equities 14,564 4,730 4,896 25,460 58,790 45,000 22,500 3.978 179,918 22,181 15,411 1,245 28,950 45,670 42,500 15,000 3.282 13,981 11,620 4,700 24 442 56,438 42,500 15,000 3,819 172.500 174,239 Statement of Income: P P Sales Cost of goods sold Operating expenses Other income, net of other expenses Net income 2021 524,790 360,417 141,409 2.994 25.958 2020 378,625 236,668 129,407 1.245 13.795 2019 488,551 342,396 134,339 2.844 14,660 A) Execute a Financial Ratios Analysis (use average value, as needed) 2021 2020 Current ratio Average conversion period II Acid-test ratio Average collection period (assume 25% cash sales! Debt-equity ratio Book value per share Return on sales or Net profit margin Gross profit rate Return on average equity Assets turnover