Below are the summarized financial information of Jollibee Foods Corporation for 20220222021Revenues80,282,769,199 71,059,039,154Cost of Sales65,284,763,064 58,435,498,743Gross Profit14,998,006,135 12,623,540,411Expenses9,066,909,7408,278,522,626Operating Income5,931,096,3954,345,017,785Interest expense152,920,028206,012,700Income before Taxes6,245,514,5984,861,699,703Income Tax Expense1,522,708,0711,149,704,051Net Income4,722,806,5273,711,995,652Gross Accounts Receivable - Trade3,128,358,9632,714,763,623Trade Inventories3,509,791,1922,616,182,585Current Assets18,384,176,985 15,623,201,915Property, Plant and Equipment11,772,440,510 11,059,464,042Total Noncurrent Assets27,642,457,128 26,144,928,795Total Assets46,026,634,113 41,768,130,710Trade Accounts payable6,006,639,8364,717,064,438Current Liabilities15,618,612,677 16,621,233,643Noncurrent Liabilities7,047,081,3593,415,595,039Total Liabilities22,665,694,036 20,036,827,682Total Equity23,360,940,077 21,731,303,028Operating Cash Flows9,219,500,1978,237,963,925Compute the following for 2022 and 2021:Formulaa. Return on Equity (ROE)20.22%17.08% Net Incomb. Return on Assets (ROA)12.89%10.40% Operatingc. Gross Profit Margin18.68%17.76% Gross Prod. Operating Profit Margin7.39%6.11% Operatinge. Net Profit Margin5.88%5.22% Net Incomf. Current Ratio1.180.94 Current Ag. Quick Asset Ratio0.950.00h. Debt Ratio0.490.48 Total liabi. Debt to equity Ratio0.970.92 Total liabj. Times interest earned ratio40.8423.60 EBIT/Intek. Total asset turnover ratio1.741.70 Net Salesl. Accounts receivable turnover ratio25.6626.18 Revenue/m. Inventory turnover ratio18.6022.34 Cost of Sn. Accounts payable turnover ratio10.8712.39 Net Credo. Ave Age/Days' receivables (use 360 day14.0313.75 360/Accop. Days' inventories (use 360 days in a yea
