Engineering plc is a multinational engineering equipment trader and distribution company that has been established for many years. Its income statement and balance sheet for two years are as follows: Engineering Income Statement Revenue Cost of sales Gross profit 2028 m 24,708 (4,646) 20,062 2029 m 26,547 (5,842) 20,705 Selling, general and administrative expenses Research and development expenses Other income (10,212) (5,697) 300 (13,002) (5,579) 335 Profit from operations Finance costs 4,453 (1,075) 2,459 (963) Profit before tax Tax 3,378 (209) 1,496 (299) Net Income 3,169 1,197 Engineering Balance Sheet 2028 m 2029 m Assets Non-current assets Property, plant and equipment Goodwill Intangible assets Total non-current assets 6,413 11,868 12,646 30,927 6,010 11,550 10,981 28,541 Current assets Inventories Trade receivables Cash and cash equivalents Total assets 2,143 6,622 6,240 45,932 1,960 7,232 6,360 44,093 Equity and Liabilities Equity Ordinary share capital (1 shares) Share premium Retained earnings Total equity 11,316 4,304 12,907 28,527 11,316 4,304 13,829 29,449 Non-current liabilities Bank loans 12,464 8,397 Current liabilities Trade payables Tax liabilities Total equity and liabilities 3,458 1,483 45,932 3,893 2,354 44,093 Note: The inventory for the company in 2027 is valued at 2,500 million (a) Calculate the financial ratios in Table 1 for the year 2028 and 2029 2029 Table 1: Financial ratio table to be completed. 2028 Current ratio Quick ratio Debt-Equity ratio Inventory turnover Day sales in inventory Total asset turnover ratio Profit margin Return on assets ratio Return on equity ratio Industry average 1.5 2.1 35.7% 2.86 100 0.8 8% 5% 2% (b) Provide a one-paragraph analysis of the company's performance across both years