You have been hired as an analyst for PNC Bank and your team is working on assessing the operations of Giant Eagle. Giant Eagle is a grocery store. Your assistant has provided you with the following data for Giant Eagle and the grocery store industry. 1. In the annual report to shareholders, the CEO of Giant Eagle stated that "2021 was a good year for the company with respect to our ability to meet our short-term obligations. We had higher liquidity largely due to an increase in highly liquid current assets (cash, accounts receivable, and short term investments)." Is the CEO correct? Explain and use only relevant information in your analysis. 2. What can you say about the company's asset management? Be as complete as possible given the above information, but do not use any irrelevant information. 3. You are asked to provide the shareholders with an assessment of the company's solvency. Be as complete as possible given the above information, but do not use any irrelevant information. You have been hired as an analyst for PNC Bank and your team is working on assessing the operations of Giant Eagle. Giant Eagle is a grocery store. Your assistant has provided you with the following data for Giant Eagle and the grocery store industry. 1. In the annual report to shareholders, the CEO of Giant Eagle stated that "2021 was a good year for the company with respect to our ability to meet our short-term obligations. We had higher liquidity largely due to an increase in highly liquid current assets (cash, accounts receivable, and short term investments)." Is the CEO correct? Explain and use only relevant information in your analysis. 2. What can you say about the company's asset management? Be as complete as possible given the above information, but do not use any irrelevant information. 3. You are asked to provide the shareholders with an assessment of the company's solvency. Be as complete as possible given the above information, but do not use any irrelevant information