ssignment 04-Analysis of Financial Statements )Due Today at 11 PM EDT What is the most commonly used base item for a common size balance sheet? O Total assets O Net sales O Net income O Earnings before interest and taxes Suppose you are conducting an analysis of the financial performance of Cold Goose Metal Works Inc. over the past three year The company did not issue new shares during these Ratios Calculated three years, and has faced some operational difficulties. The company has thus pilot tested some new forecasting strategies for better operations management. You have collected the company's relevant financial data, made reasonable assumptions based on the information available, and calculated the following ratios Year 1 Year 2 Year 3 Price to cash flow 6.60 8.58 9.61 Inventory turnover 13.20 15.84 17.74 Debt to equity 0.50 0.53 0.64 Based on the preceding information, your calculations, and your assumptions, which of the following statements can be included in your analysis report? Check all that apply The market value of Cold Goose Metal works Inc.'s common shares declined over the three years. An improvement in the inventory turnover ratio could likely be explained by the new sales-forecasting strategies that led to better inventory management D A plausible reason why Cold Goose Metal Works Inc.'s price-to-cash-flow ratio has increased is that investors expect higher cash flow per share in the future. The company's creditworthiness has improved over these three years as evidenced by the increase in its debt-to-equity ratio over time