Refer to the 2021 Andrew Peller Limited Consolidated Financial Statements, located in the Financial Statements folder in eClass, and answer the following questions. Please show all calculations (on a separate page) to get partial marks. Required (parts a, b, c, d & e): a) At March 31, 2020 what is the total balance of the long term debt outstanding? (2 marks) b) Calculate the current ratio for 2021 and 2020. Did the company's liquidity improve (1) or deteriorate (D? (2 marks) 2021 2020 ID Current ratio Calculate the debt to total assets ratio for each year. Did the company's solvency improve (1) or deteriorate (D)? (2 marks) 2021 2020 ID Debt to total assets d) Calculate the days in inventory for each year. Note: use COGS including amortization, Did the company's liquidity improve (I) or deteriorate (D)? (2 marks) 2021 2020 ID Days in inventory Calculate the gross profit margin ratio for each year. Did the company's profitability improve (I) or deteriorate (D)? (2 marks) 2021 2020 ID Gross profit margin Consolidated Balance Sheets As at March 31, 2021 and 2020 (in thousands of Canadian dollars) 2021 2020 Assets Current assets Cash Accounts receivable (notc 20) Inventories (note 4) Biological assets (note 6) Prepaid expenses and other assets Income taxes receivable Derivative financial instruments (note 20) Assets held for sale (notes) 2,737 28.896 178,727 2.815 4.879 5.973 1.275 34,096 170,779 1.951 3,998 1.232 783 1,275 214,114 225,302 223,931 221.100 Property, plant and equipment (notes 5 and 10) Intangible assets (note >> Goodwill note 8) 39.650 25.067 53.63% 53.63% 542 521 313,919 Liabilities Current liabilities Accounts payable and accrued liabilities (note 9) Dividends payable Lease obligations (note 10) Derivative financial instruments (note 20) Long-term debt (note 11) 46,487 2,404 3,826 1.901 58,114 53.821 2288 3.018 1.604 11.615 54.618 130.460 95.515 174 544 717 1932 Long-term debt (note 11) Long-term derivative financial instruments (note 20) Lease obligations (note 10) Post-employment benefit obligations (note 12) Deferred income taxes (note 13) 13,987 14.802 3.316 29.765 276,947 3,649 22.03 268.396 27.020 Shareholders' Equity Capital stock (note 14) Contributed surplus (note 15) Retained earnings Accumulated other comprehensive loss 26.014 4,834 4,950 236,773 218.263 3.169) 265.574 542521 63.588) 245.523 513-919 Contingent liabilities and unrecognized contractual commitments (note 18) Events after the reporting period (note 24) Consolidated Statements of Cash Flows For the years ended March 31, 2021 and March 31, 2020 (in thousands of Canadian dollars) 2021 2020 27,786 23.494 Cash provided by (used in) Operating activities Net earnings for the year Adjustments for non-cash items Loss on disposal of property, plant and equipment and intangible assets Amortization of plant, equipment and intangible assets Amortization of deferred financing fees Interest expense Income taxes Net unrealized (gain) loss on derivative financial instruments Gain on debt modification Share-based compensation expense Post-employment benefits Interest paid Income taxes paid 677 18.162 10 8,098 9,667 (135) (2.861) 937 237 (7,076) (6.832) 729 17,754 251 7.856 8.971 1.406 1.876 (186) (8,208) (10.165) Change in non-cash working capital items related to operations (note 19) 48,670 (7.551) 43,778 (12.235) 41,119 31,543 Investing activities Purchase of property, plant and equipment Purchase of intangible assets (17.651) (18,888) (17.699) (5,609) (36,539) (23,308) Financing activities Increase in bank indebtedness (note 11) Repayment of lease obligations Drawings on long-term debt (note 11) Repayment of long-term debt (note 11) Deferred financing fees paid (note 11) Repurchase of Class A shares Dividends paid 19.939 (3,022) (9,741) (3.812) 76,620 (64.836) (655) (9,160) (6.241) (2.170) (1.843) (8.235) 2,737 2737 Increase in cash during the year Cash - Beginning of year Cash-End of year Supplementary information Property, plant and equipment acquired that were unpaid in cash and included in accounts payable and accrued liabilities Intangible assets acquired that were unpaid in cash and included in accounts payable and accrued liabilities 61 1.360 1.478 4.270 Consolidated Statements of Comprehensive Income For the years ended March 31, 2021 and March 2020 (in thousands of Canadian dollars) 2021 S 2020 S Net earnings for the year 27,786 23,494 Items that are never reclassified to net earnings Net actuarial gains on post-employment benefit plans (note 12) Deferred income taxes (note 13) 570 (151) 822 (214) 419 608 Other comprehensive income for the year Net comprehensive income for the year 28,205 24.102 Consolidated Statements of Changes in Equity For the years ended March 31, 2021 and March 31, 2020 (in thousands of Canadian dollars) Accumulated other comprehensive loss Capital stock s Contributed surplus Retained earnings Total shareholders equity Balance at April 1, 2019 26,330 2.737 209,825 (4.141) 234.751 23.494 608 24.102 113 (115) Net comprehensive income for the year Exercise of DSUs and issuance of Class A non-voting shares (notes 14 and 15) Cancellation of post-retirement benefit arrangement (note 12) Repurchase and cancellation of Class A non-voting shares (note 14) Share-based compensation (note 15) Dividends (Class A S0.215 per share, Class B 50.187 per share 75 (55) ( 20 (431) (5,810) 2.137 (6,241) 2,137 (9.246) (9,246) Balance at March 31, 2020 26,014 4.834 218,263 (3.588) 245,523 27,786 419 28,205 1.006 Net comprehensive income for the year Exercise of share awards and issuance of Class A non-voting shares (notes 14 and 15) Shure-based compensation (note 15) Dividends (Class A $0.218 per share, Class B S0.190 per share) Balance at March 31, 2021 (1,006) 1.122 1,122 (9.276) (9.276) 27,020 4,950 236,773 (3.169) 265,574