3 Given the following information, thoroughly address the financial health of this company. Company Industry 2022 2023 2023 Current ratio 0.71 0.59 1.20 Equity to asset ratio 0.30 0.20 0.80 Inventory turnover ratio 6.00 5.00 8.00 Total asset turnover ratio 1.12 1.25 1.50 Gross profit margin 16% 14% 17% I Net profit margin 8% 3% 11% Total assets for the company decreased 10% from $400,000,000 in 2023. The industry realized a double-digit percent increase in sales over this period.