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As Baldwin Company controller, you are responsible for informing the board of directors about its financial activities. At the board meeting, you present the following information. 2011 2010 2009 Sales trend percent 147.0% 135.0% 100.0% Selling expenses to 10.1% 14.0% 15.6% sales Sales to plant assets 3.8 to 1 3.6 to 1 3.3 to 1 ratio Current ratio 2.9 to 1 2.7 to 1 2.4 to 1 Acid-test ratio 1.1 to 1 1.4 to 1 1.5 to 1 Inventory turnover 7.8 times 9.0 times 10.2 times Accounts receivable 7.0 times 7.7 times 8.5 times turnover Total asset turnover 2.9 times 2.9 times 3.3 times Return on total assets 10.4% 11.0% 13.2% Return on 10.7% 11.5% 14.1% stockholder's equity Profit margin ratio 3.6% 3.8% 4.0% After the meeting, the company's CEO holds a press conference with analysts I which she mentions the following ratios. 2011 2010 2009 Sales trend percent 147.0% 135.0% 100.0% Selling expenses to 10.1% 14.0% 15.6% sales Sales to plant assets 3.8 to 1 3.6 to 1 3.3 to 1 ratio Current ratio 2.9 to 1 2.7 to 1 2.4 to 1 1. Why do you think the CEO decided to report 4 ratios instead of the 11 prepared? 2. Comment on the possible consequences of the CEOs reporting of the ratios selected