Q3: Use the following financial ratios of the company XYZ to evaluate liquidity, turnover policy, debt position and profitability. Ratios 2020 1- Current ratios 2- Liquidity ratio 3- Quick ratio 4- Total assets turnover 5- Fixed assets turnover 6- Inventory turnover 7- Average collection period 8- Debt ratio 9- Interest earned ratio 10 Net profit margin 11 ROA 12 ROE 2.3 1.3 0.90 1.5 2.3 10 24 days 50% 5.4 4% 6% 12% Industry Average 2.5 1 0.61 2 5 9 20 days 33% 8 5% 10% 15%