Question 2: (10 marks) ABC company specialized in food industry has selected the following information from its most recent annual report to be the subject of an immediate press release. Net income this year was $4.4 million. Last year's net income had been $4.0 million. . The current ratio has changed to 2.5 from last year's 2. . The debt/total assets ratio has changed to 4 from last year's 3. The receivable turnover has changed to 7 from last year's 5 times. The Return on Assets has changed to 13% from last year's 14.8%. . The company purchased 2 new machines. Required: As a financial analyst, you are required to think carefully about what information above is good news for the business and what information is bad news. Justify your answer. Part B: Managerial Accounting (10 marks)