A paragraph stating your evaluation of the companys performance and financial status for the quarter ending March 30, 2022. (6 points)

In your evaluation, state whether:

o the business is profitable;

o it is able to pay its current obligations/liabilities;

o its assets are financed more by debts or equity;

o its retained earnings increased or decreased during the quarter and why.

You may state any other insights you have on the companys financial statements. Justify your evaluation and support your discussion with relevant calculations or ratios.