$3\mathrm{.}1$ Gross Profit Ratio $(2021)=$ Gross Profit$/$ Sales$)*100=(520/1920)*100=27\mathrm{.}08\%3\mathrm{.}1$ Gross Profit Ratio $(2022)=$ Gross Profit$/$ Sales$)*100=(650/2180)*100=29\mathrm{.}82\%3\mathrm{.}2$ Net Profit Ratio $(2021)=($Net Profit Ratio$/$ Sales$)*100=320/1920)*100=16\mathrm{.}67\%3\mathrm{.}2$ Net Profit Ratio $(2022)=($Net Profit Ratio$/$ Sales$)*100=(390/2180)*100=17\mathrm{.}88\%\%3\mathrm{.}3$ Return on Equity $(2021)=($Net Profit$/$ Equity$)*100=(40/940)*100=4\mathrm{.}26\%3\mathrm{.}3$ Return on Equity $(2022)=($Net Profit$/$ Equity$)*100=(180/1120)*100=16\mathrm{.}07\%\%3\mathrm{.}4$ Fixed Asset turnover $(2021)=$ Sales$/$Fixed Assets $=1920/720=2\mathrm{.}67$ times $3\mathrm{.}4$ Fixed Asset turnover $(2022)=$ Sales$/$Fixed Assets $=2180/895=2\mathrm{.}44$ times $3\mathrm{.}5$ Inventory Turnover $(2021)=$Cost of Sales$/$ Average Inventory $1$st work out Average Inventory $=$Average Inventory $=($Opening Inventory $+$ Closing Inventory$)/2=(200+250)/2=225-$Inventory Turnover $=1400/225=6\mathrm{.}22$ times $3\mathrm{.}5$ Inventory Turnover $(2022)=$Cost of Sales$/$ Average Inventory $1$st work out Average Inventory $=$Average Inventory $=($Opening Inventory $+$ Closing Inventory$)/2=(250+0)/2=125=$Inventory Turnover $=1530/125=12\mathrm{.}24$times $3\mathrm{.}6$ Accounts receivable collection period $(2021)=($Trade Receivables$/$Sales$)*365=(130/1920)*365=25$ days $3\mathrm{.}6$ Accounts receivable collection period $(2022)=($Trade Receivables$/$Sales$)*365=(166/2180)*365=28$ days $3\mathrm{.}7$ Current Ratio $(2021)=($Current Assets $-$ Inventory$)/$ Current Liabilities $=(370-200)/150=1\mathrm{.}133\mathrm{.}7$ Current Ratio $(2022)=($Current Assets $-$ Inventory$)/$ Current Liabilities $=(420-250)/195=0\mathrm{.}87$ Write a report to the shareholders of John Wick $($Pty$)$ Ltd giving constructive feedback on the ratios calculated above for the $2022$ and $2021$ years. Clearly articulate your opinion on all matters and provide feedback on the performance of the company over the $2$ years based on the information provided.