Can I please get a step by step solution with proper explanation for each step.

Firm C Balance Sheet Dec 31, 2016 ($ 000's) Cash Accounts receivable Inventory Total curent assets Land Buildings Plant and equipment Investments Total assets Industry Average 2.93 1.92 1.05 996 1.200 Bank overdraft 24,800 Accounts payable 6,000 18,600 47,650 Totl current liabilities 16,800 Tern loan 15,600 Shareholders' funds 57,600 Current Ratio Quick Ratio Debt/Equity Return on Assets Bank Rate 24.600 31.250 83,000 4% $138.850 138.850 Buildings, Plan and Equipment are at book value (net) Cost of Goods Sold is equivalent to variable cost. Firm C Accrued Net Income Statement during year ending Dec 31, 2016 (S 000's) Sales less cost of goods sold Gross protit less expenses Earnings before interest and tax less interest Net profit Taxes Net profit after tax 15.000 56,250 18.750 7.500 11.250 2.500 8.750 4.200 a) b) Assess the performance of Firm C using the liquidity, profitability and solvency financial ratios. 5 points Comment on the overall performance of Firm C by using the ratios from part a and comparing these to the industry average. 5 points