open the financial statements for The Clorox Company
Problem 1Go to the link http://annualreport.thecloroxcompany.com/and open the financial statements for The Clorox Company. Provide the following information.1 Calculate the following ratios for 2013 & 2014:Current RatioAverage Collection Period (DSO’s)Months Inventory HeldDays Payable OutstandingCash Flow MarginTimes Interest EarnedEffective Tax Rate2. How much cash was provided by Operating Activities in 2012, 2013 & 2014? 3.From the Statement of Cash Flows, briefly comment on how you feel the company was able tospend about $1.3 Billion on debt repayment, treasury-stock purchase & dividend payments in 2013.4.Retained Earnings increased from $1,143 million in 2011 to $1,739 million in 2014. Identify thetransactions that are included in this change in retained earnings.5.Write a very brief (one or two paragraphs) opinion on how you feel the company is performingoverall.