Question 2 (9 marks) Part A The following ratios are computed based on the financial data of SuperShop, a large company that operates in food and staple retailing. Ratio Operating profit margin ROA Current ratio Quick ratio Average Inventory turnover period Average Accounts Receivable settlement period Average Accounts Payable settlement period 2019 4.54% 7.96% 1.12:1 0.28:1 36.51 days 0.69 days 40.62 days 2020 5.06% 5.74% 1.23:1 0.23:1 35.26 days 0.73 days 43.04 days Required: (a) Interpret the change in the operating profit margin in 2019-2020. Consider carefully what aspect of the operating had changed in the period. (2 marks) (b) Interpret the change in the ROA in 2019-2020. Consider carefully what aspect of the operating had changed in the period. (2 marks) (c) The operating profit margin and ROA showed opposite trends in 2019-2020. Provide two possible explanations to account for the disparity. (4 marks) (d) The company did not have a liquidity issue despite a low quick ratio in both years, why do you think this might be the case? Hint: take the turnover ratios into consideration. (5 marks) Part B Securitie Ltd's common size income statement for 2019 and 2020 are presented below. 2019 100.0 2020 100.0 73.6 Revenue Cost of goods sold Gross profit Other expenses Profit 35.0 17.6 15.2 Required: Enter the missing values. (4 marks)