Assessing Martin Manufacturing's Current Financial Position Terri Spiro, an experienced budget analyst at Martin Manufacturing Company, has been charged with assessing the firm's financial performance during 2018 and its financial position at year-end 2018. To complete this assignment, she gathered the firm's 2018 financial statements, shown below. In addition, Terri obtained the firm's ratio values for 2016 and 2017 , along with the 2018 industry average ratios (also I applicable to 2016 and 2017). These are presented in the "Historical Ratios" table on the next page. Balance Sheets Accounts recer Inventories Total current Gross fixed asset Less: Accumulat Net fixed assets Total assets Liabilities and shareholders' equity Current liabilities Accounts payable Line of credit Accruals Total current liabilities Long-term debt Total liabilities Shareholders' equity Preferred shares Common shares Retained earnings Total shareholders' equity Total liabilities and shareholders' equity $2,895,152 $3,125,000 Hictotieal R atine a. Calculate the firm's 2018 financial ratios, and then complete the ratio table. b. Analyze the firm's current financial position from both a cross-sectional and a time-series viewpoint. Break your analysis into an evaluation of the firm's liquidity, activity, leverage, and profitability. Use a common-size analysis for profitability. Use the DuPont model to fully analyze why ROE changed over the three-year period and is different than the industry average. Based on your analysis of all the data available, provide a detailed discussion of the firm's overall financial position. In your discussion, be sure to comment on the company's financial strengths and weaknesses. Provide your analysis in five sections: one for each of the four categories of ratios, and one for an overall evaluation