$2.$Write an accompanying letter to the client that will be sent with the completed financial statements. The letter needs to include:i$.$ calculation of relevant profitably, liquidity, asset usage and investment ratiosii. critical evalu ation of the performance to the business year on year $($making reference to datayou have calculated and data provided from the previous year$),$ with reference to relevantbenchmarks as well as any limitations of using finandial ratios as performance measuresii $.$an outline of the benefits of contemporary accounting software packages, with examples ofproducts on the market iv$.$justified conclusions and recommendations foryour client.Suggestion:$1)$Calculate the following ratios for $2023$ and $2022($Round current ratio gnd inventoryturnover to $2$ decimal places, sg$,1\mathrm{.}83$ and all other answers to $1$ decimal place, g$.1\mathrm{.}8$ or $12\mathrm{.}6\%)$a$.$Current ratiob.Inventory turnover$($lnventory on December $31,2021$ was $$360)$