Start with the partial model in the file Cho7 P15 Build a Model.x/sx. Joshua \& White (J8W) Technology's financial statements are also shown here Joshua \& White Technolocy: December 31 Balance Sheets f. Perform a percentage change analysis. Joshua \& White Technology: December 31 Percent Change Balance Sheet Joshua \& White Technology: Common Size Income Statements for Year Ending on December 31 What has happened to the composition (that is, percentage in each category) of assets and liabilities? Inventories now make up if proportion of current assets and accounts payable make up a proportion of current liabilitios Joshua \& White Technology: Income Statements for Year Ending on December 31 (Thousands of Dollars) e. Fertorm a common size analysis. Inshua \& White Technolnow. Neremher 21 Commnn Size Ralanee Shept a. Has J\&W's liquidity position improved or worsened? Explain. The firm's current ratio has and the quick ratio has indicating that JEW's liquidity position has b. Has J8W's abitity to manage its assets improved or Worsened? Explain. Assame that there are 365 days in a year: The firm's inventory turnover has the DSO has the fixed assets turnover has and the total assets turnover has indicating that JaW's ability to manape its assets has Joshua \& White Technology: Percent Change Income Statement for Year Ending on December 31 What does this tell you about the change in profitability and asset utilization? The profitability has However, the extreme growth in should be of great concern to J\&W's managers. c. How has jsw's profitability changed during the last year? The furm's profit margin has. the basc earning power has the retuin on assets has and the return on equity has indicating that 38 W's profirability has d. Periorm an extended DuFont analysis for I8W for 2020 and 2021. What do these tesults tell you? The poe hies because the profit margin has and the equity multiplier has despite the fact that the total asset turnove rabo has