Read the Semester Case Study and answer the question below.| It is now March EDI and the nancial statements currentlyr being prepared for the year ended 31 Deoemberfollowing email from An MEIE- Finance Manager: From: An Mm Finance Manager To: Finance Office Subject: Suppler iSSUE I need to nalise the nancial statements for the year ended 31 December EDED. The following two things have happened in 2021 that may well affect these nancial statements and I would like you to let me know how you think these should be treated. 1. [in 1D January 2(121 there was a small re in the PExEED production facility which damaged inventory and a forklift truck. {in 1D February 221 one of our suppliers. Jacksters paid us Giv in settlement of a legal case that we had taken out against them in December 2o2o. There have been a few issum with suppliers recently, not least, Jacksters. our supplier of graphite. There have been delays in delivery and some ofthe raw materials that we've received have been of such poor quality that we have had to return them. In addition. some suppliers are not easyr to get hold of when things go wrong. I've been asked to make some suggestions about that we could establish to monitor the performance of our suppliers. I have also been asked to look at some nancial information relating to a potential new supplier of graphite called BGF Graphite. So far, I've prepared the attached schedule which shows its working capital days and information about revenue and cash balance and I'd like you to prepare the commentary to go with it. An Mutty Finance Manager Lottie Graphite FINANCIAL INFORMATION ABOUT BGF GRAPHITE 2020 2020 2019 2018 Industry average BGF Graphite BGF Graphite BGF Graphite Days Days Days Operating cycle Inventory days 32 18 31 30 Trade receivable days 39 62 51 35 Trade payable days (45) (86) (63) (38) 15000 15000 Revenue 18,268 4,250 2,416 1,234 Cash / (overdraft) 1,490 (630) 56 825 Activate Windows Other information: BGF Graphite has standard credit terms for both payables and receivables of 30 days. activate Wi