What is the most commonly used base item for a common size income statement? Total assetsO Total liabilitiesNet salesStockholders' equitySuppose you are conducting an analysis of the financial performance of Cold Goose Metal Works Inc. over the past three years.The company did not issue new shares during these three years and has faced some operational difficulties. The company has thus pilot tested some new forecasting strategies for better operations management. You have collected the company's relevant financial data, made reasonable assumptions based on the information available, and calculated the following ratios.Ratios CalculatedYear 1Year 2 Year 3Price-to-cash-flow5.203.642.91Inventory turnover10.408.326.66Debt-to-equity0.700.560.45Based on the preceding information, your calculations, and your assumptions, which of the following statements can be included in your analysis report? Check all that apply.Cold Goose Metal Works Inc.'s ability to meet its debt obligations has improved since its debt-to-equity ratio decreased from 0.70 to 0.45. A decline in the debt-to-equity ratio implies a decline in the creditworthiness of the firm.A decline in the inventory tumover ratio can be explained by the new inventory management system that the company recently adopted, which led to more efficient inventory management.A plausible reason why Cold Goose Metal Works Inc.'s price-to-cash-flow ratio has decreased is that investors expect lower cash flow per share in the future.