Question 3: Ratio Analysis (9 marks) The comparative financial highlights of Australian Dairy Farmers Ltd for 2020, 2019 and 2018 is provided. Current Assets Non-Current Assets Current Liabilities Non-Current liabilities Total Equity Net cash provided by operation activates Revenue Profit FY 2020 ($) 16,317,141 18,368 1,406,994 32,482 14,896,033 188,133 1,825,390 (616,358) FY 2019 ($) 2018 ($) 4,222,617 4,027,529 14,850 9,201 827,066 1,469,766 23,947 16,709 3,386,455 2,550,255 (30,960) 241,826 2,289,840 2,122,273 44,971 138,941 Required 1. For financial year 2020 and 2019, calculate the following ratios: (6 marks) - Liquidity ratios: Current ratio and Working capital Profitability ratios: Return on Assets and Profit margin Solvency ratios: Debt to total assets ratio and Cash debt coverage Note: Students must show formula and workings of calculation to get full marks 2. Using the ratios calculated in part a), comment on the performance of Australian Dairy Farmers Ltd., over the last 2 years? (3 marks) Start your answer here: 1. Calculate financial ratios Ratios Formula 2020 2019 Current ratio Working capital Return on Assets Profit Margin Debt to total assets Cash debt coverage 2. Comment on performance Australian Dairy Farmers Ltd., over the last 2 years