(b) Working capital management assessment of Retail Food Group:2014 2015Current Ratio : 50659= 2.66 90182= 0.92 19034 97025 Liqiud Ratio : 50659-10092 = 2.13 90182-20901 = 0.71 19034 97025 Inventory Turnover Ratio: 29387 = 2.91 times 75310 = 3.60 times 10092 20901Inventory Conversion period : 365 = 125 days 365 = 101 days 2.91 3.60 Recievables Turnover Ratio : 141442 = 862.45 times 155743 = 663 times 164 235 Recievable Average collection : 365 = 145 days 365 = 124 days Period 2.52 2.94Payable Turnover Ratio: 29387 = 3.54 times 75310 = 2.53 times 8308 29768Average Payment Period : 365 = 103 days 365 = 144 days 3.54 2.53 Cash Conversion cycle : 125+145-103 = 167 days 101+124-144= 81 day Pg-5Interpretation of Working Capital Management:1. Decrease in Inventory conversion Period from last year shows that Companh is managing its Production.2. Activities will Decrease in average conversion Period from 145 days in 2014 to 124 days in 2015 shows Company Managing its Receivables very well.3. Increase in Average Payment Period frowm 103 days in 2014 to 144 days in 2015 shows company is able to arrange longer credit Period from it suppliers.4. Cash conversion Period or cycle has reduced from 167 days in 2014 & 1 day in 2015 Shows Company Managing its working Capital very well.5. Current Ratio in 2015 in much below the standard Ratio 2:1, Quick Ratio in 2015 is also below the allowed Standard of 1:1 which shows Company Liquidity Position is seriously Compromised during 2015.