Could you help me check these ratios? Based on these ratios could you provide some strategies in terms of profitability, liquidity and financial position?

THE COMPANY: ACTON CLEANING Emma Dione recently quit her public service job to start a cleaning company, Acton Cleaning, in a Canberra suburb after discovering the lack of good cleaners in that affluent suburb and market demand far outweighs the supply of quality cleaning. While she is getting her business going, she is not going to draw a salary from the business. She has employed three full-time helpers. Emma is starting her business on 1st July 2020. Given her lack of experience with accounting software, she has employed you to prepare the accounts for her first month of operations using MYOB. You need to set up MYOB AccountRight Plus v20 in accordance with her business needs. The following sections detail relevant business information for the setting up of accounts and related information. 1. Business Details Company Name: Acton Cleaning ABN: 17 256 235 228 Address: Yarralumla, ACT 2600 Phone Numbers: 02-2333 2323 Financial Year: 19 July 2020 to 30th June 2021 Acton Cleaning Yarralumla, ACT 2600 Profit & Loss Statement July 2020 $25,220.00 $25,220.00 $25,220.00 $174.00 $100.00 $800.00 $1,074.00 Income Services Revenue Cleaning Revenue Total Income Gross Profit Expenses General & Administrative Exp Depreciation Expense Office Supplies Expense Advertising Expense Total General & Administrative Exp Operating Expenses Cleaning Supplies Expense Postage Expense Insurance Expense Rent Expense Total Operating Expenses Depreciation Expenses Employment Expenses Wages & Salaries Total Depreciation Expenses Total Expenses Operating Profit Total Other Income Total Other Expenses Net Profit/(Loss) $2,470.00 $60.00 $1,200.00 $2,400.00 $6,130.00 ## $9,742.44 $16,946.44 $8,273.56 $0.00 $0.00 $8,273.56 Balance Sheet As of July 2020 $17,647.56 $17,647.56 $2,400.00 $100.00 $200.00 ($1,200.00) $19,147.56 $3,000.00 ($70.00) $2,930.00 $2,700.00 ($60.00) Assets Current Assets Cash On Hand Cash Account Total Cash On Hand Prepaid Insurance Cleaning Supplies Office Supplies Prepaid Rent Total Current Assets Non-Current Assets Cleaning Equipment Clean Equipment at Cost Clean Equipment Accum Dep Total Cleaning Equipment Fumiture and Fixtures Fumiture & Fixtures at Cost Fumiture & Fixtures Accum Dep Total Fumiture and Fixtures Office Equipment Office Equipment at Cost Office Equipment Accum Dep Total Office Equipment Total Non-Current Assets Total Assets Liabilities Current Liabilities Accounts Payables Total Current Liabilities Total Liabilities Net Assets Equity Owner's Equity Owner Capital Current Year Eamings Total Equity $2,640.00 $2,300.00 (544.00) $2,256.00 $7,826.00 $26,973.56 $400.00 $400.00 $400.00 $26,573.56 $18,300.00 $8,273.56 $26,573.56 Emma would like you to: 1. Write a report commenting on profitability, liquidity and financial position of the business after this first month of operations in comparison with the cleaning industry averages listed in the table below. 2. Suggest relevant and specific strategies that could improve the store's operation. Ratios Formula Industry Average 19147.560 Current Assets 2.00 Current Ratio 40 Current Liabilities Total Liabilities 0.50 Debt-to-equity Ratio aut 26573.44 Total Equity 0.30 47.8689 = 400 Debt-to-assets Ratio 0,01487 40 Total Liabilities 126973.5 Total Assets 9273. 6 Net Profit Profit margin 0132815 720 Total Revenue 0.80 8273.66 Net Profit Rate of return on total assets 0.35 $473,36 Total Assets 01 3067 Write the report to Emma, up to a maximum of 1,000 words. Word count excludes, if any, Table of Content, references and appendices. Hint: In your recommendations, you may include suggestions about marketing, practices, advertising policies appropriate to the business and briefly discuss some limitations of ratio analyses, especially in this context