SECTION A (30marks) This assignment requires each student to work on the published financial statements of ASOS PLC for two years from 2020 to 2021. A summary of some of the ratios is provided below. Ratios Long-term Financing Gearing (3marks) Liquidity Current Ratio (3marks) Quick Ratio (3marks) Profitability Return on Capital employed (3marks) Asset Turnover (3marks) Net Profit Margin (3marks) Working capital Inventory days (3marks) Receivable days (3marks) Payable days (3marks) Introduction Interpretation of ratios: 1. comparative comments 2. conclusion, and 3. recommendation Explanatory comments on the assessment criteria Assessment criteria: (Guidelines-suggested-under FOUR MAIN HEADINGS) Brief background of Asos Relevance, clear demonstration of understanding and applied in context and identifying the key points raised. Use at least 2 relevant high-quality sources Year 2021 Reference list 50% 1.56 0.75 9.20% 1.89times 4.90% 138days 5days 164days Year 2020 You are required to: Given the ratios provided above, write a brief report on the performance of ASOS over the financial periods 2020 to 2021. Use any other information relevant to ASOS PLC for your comments. Information can be accessed from the annual report and accounts and any other source of evidence that you believe helps to explain the company's performance and position. (Note the report must follow the criteria provided below) Marking criteria for section A: 50% 3 marks 27 marks 1.25 0.6 9.30% 2.01times 4.60% 113days 7days 164days Maximum marks for each section Recommended marks