Presented below is selected Financial information for Global Limited: Industry Ratios 2020 2019 2018 Average Current Ratio 2.72 2.62 2.57 2.48 Acid-Test Ratio 1.78 1.61 1.46 1.42 Inventory Turnover 6.8 7.1 7.3 7.3 Accounts Receivable Turnover 7.4 8.1 8.5 8.6 Days Sale in receivables 49 Days 45 Days 43 Days 42 Days Debt Ratio 0.63 0.61 0.57 0.58 Times Interest Earned 9.3 9.2 9.4 9.3 Rate of return on Net Sales 8.2% 7.9% 7.7% 7.4% Rate of return on Total Assets 14.9% 14.7% 14.4% 14.7% Rate of Return on Common Shares' Equity 19.3% 18.9% 18.4% 17.7% Earnings per Share $10.74 $10.45 $10.85 $9.52 Price/Earnings Ratio 8.8 8.4 8.4 8.6 Dividend Yield 3.9% 3.8% 3.6% 4.9% Book value per share of Common Stock $55.41 $51.75 $48.25 $62.42 Required: 1. Evaluate Global's Short-term creditor position 2. Provide your comments on Globals ability to pay its long term debt. 3. Evaluate Global's profitability. Presented below is selected Financial information for Global Limited: Industry Ratios 2020 2019 2018 Aver age Current Ratio 2.72 2.62 2.57 2.48 Acid-Test Ratio 1.78 1.61 1.46 1.42 Inventory Turnover 6.8 7.1 7.3 7.3 Accounts Receivable Turnover 7.4 8.1 8.5 8.6 Days Sale in receivables 49 Days 45 Days 43 Days 42 Days Debt Ratio 0.63 0.61 0.57 0.58 Times Interest Earned 9.3 9.2 9.4 9.3 Rate of return on Net Sales 8.2% 7.9% 7.7% 7.4% Rate of return on Total Assets 14.9% 14.7% 14.4% 14.7% Rate of Return on Common Shares' Equity 19.3% 18.9% 18.4% 17.7% Earnings per Share $10.74 $10.45 $10.85 $9.52 Price/Earnings Ratio 8.8 8.4 8.4 8.6 Dividend Yield 3.9% 3.8% 3.6% 4.9% Book value per share of Common Stock $55.41 $51.75 $48.25 $62.42 Required: 1. Evaluate Global's Short-term creditor position 2. Provide your comments on Globals ability to pay its long term debt. 3. Evaluate Global's profitability. .