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Avoca Ltd is a major retailer selling fishing rods and reels on the Central Coast of NSW. The following ratios are provided by management to

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Avoca Ltd is a major retailer selling fishing rods and reels on the Central Coast of NSW. The following ratios are provided by management to assess the performance of the business over the last two years. Required: a) Using the information above discuss how the liquidity, solvency and profitability of Avova Ltd has changed from 2021 to 2022. In your discussion indicate which ratio(s) would be used to evaluate each category of performance and what the change in performance indicates about the business. (6 marks) Avoca Ltd is a major retailer selling fishing rods and reels on the Central Coast of NSW. The following ratios are provided by management to assess the performance of the business over the last two years. Required: a) Using the information above discuss how the liquidity, solvency and profitability of Avova Ltd has changed from 2021 to 2022. In your discussion indicate which ratio(s) would be used to evaluate each category of performance and what the change in performance indicates about the business. (6 marks)

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