1 RETAIL COMPANY FINANCIAL STATEMENTS Balance Sheet Cash Accounts Receivable Inventory Fixed Asset Dec 31/23 1.740 500 2.000 2.025 Dec 31/22 200 1,700 3.000 2,100 Accounts Payable LT Debt Retained Earings Common Shares Income Statement Revenue COGS. Expenses. Depreciation Interest Net Income 1,400 2,090 1.025 1.750 3,150 1,100 1,000 1.750 1.450 1.100 200 75 25 1,800 1,200 180 75 50 295 Using the financial information above: Calculate 3 Financial Statements ratios and use them to explain what has happened with this company. if) How can this company resolve the identified issues? lil) Does a Current Ratio that is > 1 always means a company is healthy? Please explain