1. You have just been hired as a financial manager for BEE Inc. Management has provided you with the information below and has asked you to provide a brief explanation for each of the following questions. Your answer must be a minimum of one sentence and no longer than two or three sentences. One word answers or an answer of "good" or "bad" only will receive zero marks.

   	2021	2020	2019
   Current ratio	.99	1.32	1.69
   Total debt ratio	0.540	0.495	0.489
   Profit Margin	0.10	0.11	0.14
   Inventory Turnover	2.60	3.14	4.18

   a. Based on the results of the past three years, how is the company doing in regards to their ability to pay their short-term debts? Please refer to the specific ratio you would point out to management that backs up your answer.

   b. The benchmark industry average for the debt ratio is ,490. What does this mean for BEE Inc.?

   c. The benchmark industry average for the profit margin is .15. What advice would you give management in relation to the profit margin?

   d. What does the Inventory Turnover ratio tell you about how well BEE Inc. is doing at managing their inventory? What suggestions would you provide to BEE Inc.

   e. What goal should always motive the actions of a firm's financial manager?

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