1. Use the following financial statements.

BALANCE SHEET (million)

Cash	2021 $ 140		Accounts payable	2021 800
Accts. Receivable	880		Notes payable	600
Inventories	1,320		Accruals	400
Total current assets	$2,340		Total current liabilities	1,800
			Long-term bonds	1,000
Fixed assets	$1660		Common stock (50,000 shares)	200
			Retained earnings	1,000
Total assets	$4,000		Total liabilities & equity	4,000

2021 INCOME STATEMENT (million)

Sales	$ 6,000
Operating costs	5,700
EBIT	$ 300
Less: Interest	96
EBT	$ 204
Less: Taxes (40%)	81.6
Net income	$ 122.4

Ratio	CCU	Benchmark
Current ratio		1.2
Total asset turnover		2.1
Days Sales Outstanding		38.72
Times-interest-earned		5.2
Liabilities-to-assets		0.36
Net profit margin on sale		2.1%
Return on equity		9.8%
Basic earning power		7.4%

1. Calculate CCUs financial ratios and fill in the blanks.

2. Based only on your financial ratio calculations and benchmarking, discuss problems or issues in CCUs business management or performance.