“American Apparel: Drowning in Debt?”

    1. Read the case study “American Apparel: Drowning in Debt?” 2. need watch( https://www.lynda.com/Finance-Accounting-tutorials/Finance-Foundations/174917-2.html?srchtrk=index%3a1%0alinktypeid%3a2%0aq%3afinance+foundations%0apage%3a1%0as%3arelevance%0asa%3atrue%0aproducttypeid%3a2) 2.Use the Excel data file to conduct an analysis of the company’s financial statements. You will complete this analysis using tools such as trend analysis, common size statements, and financial ratios. Suggested minimum analysis to conduct: Leverage Ratio Analysis Ratio of Total Liabilities-To-Total Assets Ratio of Long-Term Liabilities-To-Equity Ratio of Total Liabilities-To-Equity Coverage Ratio Analysis Interest Coverage Ratio Liquidity and Solvency Ratio Analysis Current Ratio Quick Ratio Efficiency Ratio Analysis Working Capital Turnover Inventory Turnover Receivable Turnover Profitability Ratio Analysis Net Profit Margin Ratio Gross Profit Ratio Rate Earned on Equity Rate Earned on Assets Cash Performance Operating Cash Return on Equity Operating Cash Return on Assets Operating Cash Return to Revenue Address the following items/questions: Using a financial ratio analysis, evaluate American Apparel’s financial performance for the past five years. Analyze the company’s financial statements on the basis of its common size statements. What additional insights do these statements provide? In your opinion, does American Apparel have an asset management problem? If so, what is the nature of the problem (for example, fixed assets, receivables, inventory, or other)? On the basis of the financial performance analysis, what actions do you recommend to prevent the company from falling further into debt? In addition to a narrative explaining your answers, include charts or graphs that illustrate your conclusions. Embed these charts and graphs into your narrative as well as provide a seperate Excel document. Cite your work in MLA format.