Please, interpret the ratios attached, compare (increase or decrease from previous year), and try to make connections between the results and strategies the company have employed this year in 2020.

Ratios Analyzed and Results of Analysis:

All ratios analyzed encompass a time period spanning the years of 2018 and 2019.

Liquidity Measures

• Quick Ratio saw a decrease of 0.09 at 0.18 That means ..
• Days Sales Outstanding saw an increase of 0.67 at 5.33
• Inventory Turnover Ratio saw a decrease of 0.36 at 5.84

Debt Measures

• Debt-to-Asset Ratio saw an increase of 0.04 at 0.33
• Debt-to-Equity Ratio saw an increase of 0.20 at 1.19
• Total Debt to Asset Ratio saw an increase of 0.02 at 0.73

Profitability Measures

• Earnings Before Interest, Depreciation and Taxes (EBIDTA) saw to stay same of 0 at 6,585,000,000
• Operating Profit Margin saw a decrease of 0.19 at 5.46% -
• Gross Profit Margin saw a decrease of 0.44 at 29.60% -

Investment Measures

• Return on Assets measures at 7.18% -
• Return on Equity measures at 25.53% -

LIQUIDITY MEASURES Quick Ratio (Acid Test) Cash, Short Term Investments and Receivables Current Liabilities 2019 2,660,000,000 15,010,000,000 2018 3,569,000,000 13,050.000,00 Quick Ratio - Cash, etc./Current Liabilities 0.18 0.27 Days Sales Outstanding Receivables Avaerage Daily Sales (Sales/365) 2019 1,100,000,000 206,465,753 2018 929,000,000 199,205,479 Days Sales Outstanding - Receivables/average daily sales 5.33 4.66 Inventory Turnover Ratio Inventories Cost of Goods Sold and Depreciation 2019 9,500,000,000 55,524,000,000 2018 8,600,000,000 53,344,000,000 Inventory Turn Over - COGS/inventories 5.84 6.20 DEBT MEASURES Debt to Asset Ratio Total Debt Total Assets 2019 13,445,000,000 41,290,000,000 2018 11,587,000,000 40,300,000,000 Debt to Assets Ratio - total debt/total assets 0.33 0.29 Debt to Equity Ratio Total Debt Total Common Equity 2019 13,445,000,000 11,300,000,000 2018 11,587,000,000 11,650,000,000 Debt to Equity Ratio - total de bt/total common equity 1.19 0.99 Total Debt to Asset Ratio Total Uabilities (Short & Long Term) Total Assets 2019 29,990,000,000 41,290,000,000 2018 28,650,000,000 40,300,000,000 Total Debt to Asset Ratio - total liabilities/total assets 0.73 0.71 PROFITABILITY MEASURES Earnings Before Interest, Depreciation and Taxes (EBIDTA) EBIT (Earnings Before Interest and Taxes) Plus: Depreciation 2019 4,111,000,000 2,474,000,000 2018 4,111,000,000 2,474,000,000 EBIDTA 6,585,000,000 6,585,000,000 Operating Profit Margin EBIT (Earnings Before Interest and Taxes) Sales 2019 4,111,000,000 75,360,000,000 2018 4,111,000,000 72,710,000,000 Operating Profit Margin 5.46% 5.65%6 Gross Profit Margin Sales COGS Sales 2019 22,310,000,000 75,360,000,000 2018 21,840,000,000 72,7 10,000,000 Gross Profit Margin - Sales COGS/Sales 29.50% 30.04% INVESTMENT MEASURES Retum on Assets Net Income Total Assets, 2019 Total Assets, 2018 Average Assets 2019 2,930,000,000 41,290,000,000 40,300,000,000 40,795,000,000 Retum on Assets 7.18% 2019 Retum on Equity Net Income Total Equity 2019 Total Equity 2018 Average Equity 2,930,000,000 11,300,000,000 11,650,000,000 11,475,000,000 Retum on Equity 25.53% |