A company’s financial statements provide the following information: net income of $200,000, total assets of $1,500,000, total equity of $900,000, and total sales of $2,000,000. Calculate the following financial ratios: return on assets (ROA), return on equity (ROE), and net profit margin. Discuss the significance of these ratios in evaluating the company’s financial performance and operational efficiency. Analyze the potential factors that could influence changes in these ratios, such as variations in net income, asset base, and sales volume. Consider the strategic importance of using financial ratio analysis for benchmarking against industry peers and historical performance. Discuss how financial ratios can be used in performance evaluation, financial planning, and strategic decision-making. Explain the limitations of financial ratio analysis and how it can be complemented with other financial metrics and qualitative assessments to provide a comprehensive view