CN AalbCeDdE AaabCeDdE E AaBb Ccbdi Heading 1 Normal No Spacing Hnad YULEURS a) Shown below are data taken from the annual roport year 2019 of Prosperity, Inc (in million USD): (20 points) Balance sheet data: cash Trade receivables inventory Total assets Current liabilities Total liabilities Total stockholders equity 1. Jan 2019 350 280 150 1.050 325 630 420 31. Dec 2019 250 260 200 950 420 650 350 Income statement data: Revenues Gross profit Operating income Net income Year 2019 1.800 720 260 115 Instructions: Compute the following: a) Current ratio at year-end (round to 1 decimal) : 1 b) Working capital at the beginning of 2019 (in millions) $ c) Gross profit rate for 2019 (round to full %) % % d) Return on average total assets for 2019 (round to full %) % e) Retum on average total equity for 2019 (round to full %) % b) Calculate and analyse the trends for 2019 in the liquidity measures (current and quick ratios, beginning and end of the year) and interpret whether the company appears to be able to satisfy it's liabilities at the end of 2019. In addition please provide 2 examples how a company could improve the current ratio (20 points) Focus