Required:

a) Compute the following ratios for the years 2021 and 2022.

• Current Ratio
• Quick Ratio (Acid Test)
• Inventory Turnover
• Average Collection Period for Accounts Receivable
• Accounts Payable Turnover
• Gross Margin (Profit) Ratio
• Return on Sales
• Return on Total Assets (ROA)
• Return on Equity (ROE)
• Times Interest Earned (Interest Coverage)
• Long-term Debt Ratio
• Debt Ratio

b) For each of the following items, indicate whether the change from 2021 to 2022 for TPRA seems to be favorable or unfavorable.

• Ability to pay current debt on time
• Efficiency of the company in paying its suppliers
• Collectability of receivables
• Risks of insolvency
• Salability of merchandise
• Return on sales
• ROE
• Overall accomplishment.

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2022 (Amounts expressed in thousands of Turkish Lira ("TRY") unless otherwise indicated.)