rence Mailingi REIGN VIEW Help el me what cu want to do Question 1 (3 marks) You have been used as an analyst for Emirates Bank and your team is working on the Assessment of DDF Inc.DDF Inc. is a firm that specializes in the production of imported organic food imported from North Africa. Your assistant has provided you with the following data for DDF Inc. and their industry 2020 2019 2018 Ratio Long term debet Inventory Turnover Depreciation Total Assets Days' sales in receivables Debt to Equity Profit Mar Total Asset Tumover Quick Ratio Current Ratio Times Interest Earned Equity Multiplier 0.45 62 63 0.25 113 075 0.082 054 1.028 1.33 09 175 0.40 42.42 0.014 98 08 0.07 063 103 121 035 3223 0.018 94 0.90 0.06 0.70 1 029 115 4.45 190 2028 Tatry AR 035 $323 0.015 130.23 0.88 0.075 0.40 1.031 123 4.65 1.88 185 Answer the following questions, Given the information above, your answer should be as complete as possible, but de not use any irrelevant information Requirement a In the annual report to the shareholders, the CEO of Flipper Inc wrote, 2018 was a good year for the firm with respect to our ability to meet our short-term obligations We had higher liquidity largely due to an increase its highly liquid current assets (cash, account receivables and short-term marketable securities)" Was the CEO correct? (Mark) b. What can you say about the firm's asset management (1 mark) You are asked to provide the shareholders with an esment of the firm's solvency and leverage. Be as complete as possible given the above information, but do not use my irrelevant information (1 Mark) o