What do the liquidity ratiosCurrent, Quick, and Cash-to-Salesreveal about JCP's financial position for the eight quarters spanning Q1 2011 to Q4 2012? \"That do the leverage ratiosDebt-to-Capital, Interest Coverage, and Cash-to-Debtreveal about JCP's financial position for the eight quarters spanning Q1 2011 to Q4 2012? How has JCP managed its working capital accounts over the past eight quarters? Is there an opportunity to squeeze more cash from any of these accounts? Assume that JCP will experience a $1.5 billion net income loss for 2013 and that a cash balance of $1.0 billion is required for JCP to operate efficiently. Create a pro forma sources and uses statement to estimate JCP's external funding required by year-end 2013. Be prepared to recommend whether the debt or equity issuance is the better choice as the source for external funding. How will the stock price react to the announcement of a debt offering? An equity issuance? 'Nhat effect did Bill Ackman have on the company? Were his interests appropriately aligned with those of shareholders? How do you assess the board's decisions regarding CEO appointments? Was Ron Johnson the right choice as the CEO