Question 3 (25 marks) a. Discuss alternative ways companies uses ratios to measure the performance and their significance to different categories of stakeholders. b. Explain the use of ratios as threshold by banks in loan covenant? c. Assum that you are tasked with the analysis airlines industry (see the table below) and require to evaluate and compare their performances from the perspective of a financial analyst. In particular you compare their performances in term of profitability, solvency, riskiness, marketability and growth prospect of the firm and comments appropriately. Qantas Case: Peer Gr. Analysis Ratios Based on 8 yoco Financial Stasement Data : Source- Finthalysis Note: P/E is the price to earnings ratio, return on equity (ROE), return on asset (ROA), debt to equity ratio (D/E), current and quick ratio (CR and QR )