Analyze firms performance by using Ratios Analysis below:

Interpret and discuss based from your financial analysis. What recommendations would you make to management?

2020 2019 Comparison Increase/(decrease) 11.48 9.40 2.09 Asset utilization ratios Receivables Turnover Inventory Turnover Total asset turnover 3.41 4.06 0.51 0.65 (0.02) 0.53 1.91 1.40 Liquidity Ratios Current Ratio Quick Ratio Cash Ratio 1.57 1.01 0.51 0.56 0.05 0.24 0.19 0.89 0.76 Solvency Ratios Debt to Equity Ratio Total debt ratio Equity multiplier 0.13 0.04 0.47 0.43 1.76 1.89 0.13 Profitability Ratios Return on Equity (ROE) Return on Asset (ROA) Profit Margin 25.79% 13.65% 26.84% 27.16% 15.42% 29.25% (1.37%) (1.77%) (2.41%)