1. Financial Statement analysis (15 marks) Below are the 2021 financial statements of BM Partnership, a popular company in the educational sector. 360 360 Assets Current Assets Cash AR Inventory Total Current Assets Balance Sheet Liabilities Current Liabilities 150 AP 65 Total Current Liabilities ? Non-Current Liabilities Debt Total Non-Current Liabilities Total Liabilities 900 Shareholder's Equity 400 Share Capital 1300 Retained Earnings Total Equity 1895 Total Liabilities and Equity 500 500 860 Non-Current Assets Plant Equipment Total Non-Current Assets 800 235 1035 1895 Total Assets Income Statement Revenue COGS Depreciation EBIT Interest EBT Taxes Net income Dividends Retained Earnings 700 320 50 330 35 295 15 ? ? ? a. If the company has a dividend pay-out ratio of 40% what is their cash dividends? (2.5 points) b. Calculate the company's Retention ratio based on your answer in part a, (2,5 points) c. Calculate the company's profit margin. (2.5 points) d. Assuming the company has a current ratio of 1.65278x, calculate the company's quick ratio (note: you must identify the missing inventory to do this). (2.5 points) c. Calculate the company's days sales in receivables. (2.5 points) f. What is the company's net working capital? (2.5 points)