Below are financial ratios and select financial statement data for Sticky Fingers Candy Co. (SFC) for 2020 and 2021. Use this information to answer all remaining questions: Profitability: 2020 2021 Control: 2020 2021 Leverage & Liquidity: 2020 2021 ROE 15.3% 16.2% Asset Turnover 1.2 1.1 Debt to Assets 33.2% 44.7% ROA 10.2% 8.9% Fixed Asset Turnover 2.0 1.9 Debt to Equity 49.8% 80.8% ROIC 12.7% 11.0% Inventory Turnover 5.4 3.3 Times Interest Earned 13.5 12.4 Profit Margin 8.3% 8.3% Collection Period (days) 43.8 43.9 Times Burden Covered 3.9 0.6 Gross Margin 25.0% 25.0% Days sales in Cash (days) 21.2 21.3 Current Ratio 2.5 1.6 Payables Period (days) 38.9 38.9 Acid Test Ratio 1.4 0.7 2020 2021 Sales $ 410,000 $ 420,000 Assets $ 327,240 $ 388,846 Debt $ 108,800 $ 173,791 Payout Ratio 51.8% 52.2%2. In 2020, SFC had an operating cycle of 112 days, and a cash conversion cycle of 73 days. Compute the operating cycle and the cash conversion cycle for 2021. 3. Decomposing ROE into its three sub-ratios (DuPont analysis), describe what SFC did to raise its ROE in 2021 versus 2020. 4. Asset turnover declined slightly from 2020 to 2021. Looking at the control ratios, what appears to be the (single) primary reason for this decline. 5. Discuss in the most general terms possible SFCs use of debt versus equity, and their liquidity in 2021 versus 2020. How should the trend in SFCs financial leverage and liquidity affect their risk? 6. Use a ratio that isnt affected by the use of financial leverage to describe whether SFCs profitability has increased or decreased. Please indicate which ratio you are using as the basis for your conclusion. 7. Compute the actual sales growth rate for SFC. 8. Compute the sustainable growth rate for SFC. 9. Using your estimates for SFCs actual and sustainable growth rates, discuss what kind of growth problem (if any) that SFC has. Offer one remedy to resolve this problem.