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Based on the ratios results, analyze the companys performance. begin{tabular}{|l|l|l|l|} hline No & Financial Ratio & FY2021 & FY2022 hline 1 & Current Ratio
Based on the ratios results, analyze the companys performance.
\begin{tabular}{|l|l|l|l|} \hline No & Financial Ratio & FY2021 & FY2022 \\ \hline 1 & Current Ratio & 2.2 times & 1,72 times \\ \hline 2 & Quick Ratio & 0.7 times & 0.51 times \\ \hline 3 & Gross Profit Margin & 25% & 25% \\ \hline 4 & Net Profit Margin & 7.4% & 7.71% \\ \hline 5 & Return on Assets & 7.77% & 8,41% \\ \hline 6 & Debt Ratio & 35% & 36.66% \\ \hline 7 & Time Interest Earned & 5.5 times & 6 times \\ \hline 8 & Total Assets Turnover & 1.05 times & 1.09 times \\ \hline \end{tabular}Step by Step Solution
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