3. Ratio analysis (15 marks) Calculate the following ratios from the Company's 2023 and 2022 financial statements and notes to financial statements based on what you were taught. Explain what the ratios mean in general and comment on what they tell about the 2 Company's performance. Examine and explain how the ratios are trending, and comment/explain if the trend is favourable or unfavourable. Note: Use Profit after Income Tax Expense and Sales Revenue, Total Revenue, Total Equity and Total Assets in the Statement of Financial Position. 2023 2022 Return on Equity (ROE) Net Profit After Tax / Average Equity (%) Net Profit After Tax / Average Assets (%%) Return on Assets (ROA) Net Profit Margin Net Profit After Tax / Total Revenue (%) Calculate Current Ratio and Quick Asset Ratio for the years 2022 and 2021. Show it in a table as in the previous sections and comment on the Company's liquidity position. Note: Use Total Current Assets and Total Current Liabilities in the Statement of Financial Position. 2023 2021 Current Current Assets/Current Liabilities Ratio