3. Analyze the firm's over-all current financial position from both a cross-sectional and a time-series viewpoint from the table given below and u the calculated figures of Year 2018. Break your analysis into evaluations of the firm's liquidity, activity, debt, and profitability. (Marking scheme: explanation for cross-sectional and a time-series (liquidity) = 2 marks, cross-sectional and a time-series (activity) = 2 marks, cross-sectional and a time-series (debt) = 2 marks, cross-sectional and a time-series (profitability)= 2 marks, Total = 8 marks) Ratio Historical Ratios Industry Ratio Actual (2016) Actual (2017) Actual (2018) (Average) 1.9 1.77 2.2 Current Ratio Quick Ratio 1.0 0.9 1.2 0.03 0.75 Acid Test Ratio / Cash 0.05 Ratio 5.2 5.0 10.2 50 days 55 days 46 Days Inventory Turnover (Times) Average Collection period Total Asset Turnover Debt Ratio Debt to Equity Ratio Net Profit Ratio Gross Profit Ratio 1.5 1.5 2 45.8% 54.3% 24.5% 1.1% 1.0% 1.2% 27.5% 28.0% 26.0% 3. Analyze the firm's over-all current financial position from both a cross-sectional and a time-series viewpoint from the table given below and u the calculated figures of Year 2018. Break your analysis into evaluations of the firm's liquidity, activity, debt, and profitability. (Marking scheme: explanation for cross-sectional and a time-series (liquidity) = 2 marks, cross-sectional and a time-series (activity) = 2 marks, cross-sectional and a time-series (debt) = 2 marks, cross-sectional and a time-series (profitability)= 2 marks, Total = 8 marks) Ratio Historical Ratios Industry Ratio Actual (2016) Actual (2017) Actual (2018) (Average) 1.9 1.77 2.2 Current Ratio Quick Ratio 1.0 0.9 1.2 0.03 0.75 Acid Test Ratio / Cash 0.05 Ratio 5.2 5.0 10.2 50 days 55 days 46 Days Inventory Turnover (Times) Average Collection period Total Asset Turnover Debt Ratio Debt to Equity Ratio Net Profit Ratio Gross Profit Ratio 1.5 1.5 2 45.8% 54.3% 24.5% 1.1% 1.0% 1.2% 27.5% 28.0% 26.0%