SECTION A This assignment requires each student to work on the published financial statements of plc for the last three years from 2019 to 2022. You are required to write a report to evaluate the performance, liquidity and financial structure of the three years from 2019 to 2022. You should use the accounting ratios shown below and any other information relevant for Unilever plc. Information can be accessed from the annual report and accounts and any other source of evidence that you believe helps to explain the company's performance and position. You should also highlight any limitations in the use of accounting ratios that you found in your analysis and evaluation of the company over the three-year period. This may include reference to the movements in the company's share price. Total 40 Marks UNILEVER PLC YEAR END 31/12/2022 31/12/2021 31/12/2020 31/12/2019 Profitability ratios 47.63 43.33 45.29 59.69 Return on Shareholders Funds (%) 19.73 17.00 16.99 18.91 Return on Capital Employed (%) Return on Total Assets (%) 13.28 11.39 11.82 12.79 Profit margin (%) 17.21 16.31 15.76 15.95 Gross margin (%) 40.23 42.30 43.45 44.01 Operational ratios Net Assets Turnover (x) 1.15 1.04 1.08 1.19 Fixed Assets Turnover (x) 1.02 0.91 0.98 1.07 Interest Cover (x) 13.64 18.08 11.84 10.74 Stock Turnover (x) 10.13 11.20 11.37 12.48 Debtor Collection (days) 27.61 24.93 24.70 34.52 Creditors Payment (days) 67.44 61.92 60.26 64.53 Structure ratios 0.75 0.70 0.78 0.78 Current ratio (x) 0.52 0.51 0.57 0.58 Liquidity ratio (x) Asset Cover (x) 3.40 3.31 2.98 2.77 167.11 191.01 191.20 247.66 Gearing (%) Per employee ratios Profit per employee (unit) 66,326 48,262 47,707 45,843 385,471 295,826 302,633 287,497 Turnover per employee (unit) 11.68 11.73 12.02 12.29 Salaries/Turnover