Question 1 Explain why the comparison of financial ratios may be more meaningful than the comparison of figures straight from the financial statements (10 marks). Question 2 Below are financial ratios for XYZ Corporation and comparative ratios for XYZ Corporations industry. The ratios for XYZ Corporation are computed using information from its financial statements. Required: Interpret the ratios of XYZ Corporation and draw conclusions about the company's financial performance and financial condition with full knowledge of the industry ratios. (15 marks) Question 3 What information do lipuidity ratios yield about a firm? Give two examples of liquidity ratios (10 marks)