QUESTION 3 (25 Marks) Company XYZ is a manufacturing company. You have been provided with the following financial information for the year 2023:

Required: Calculate and analyze the following financial ratios, providing both the calculation and an explanation of what each ratio measures. In addition, provide insights into Company XYZ's financial performance based on your calculations. Debt-to-Equity Ratio. Gross Profit Margin. Operating Profit Margin. Net Profit Margin. Return on Assets (ROA). Return on Equity (ROE).

\begin{tabular}{|l|l|} \hline Total Assets: & R5, 000,000 \\ \hline Total Liabilities: & R2,000,000 \\ \hline Shareholders' Equity: & R3,000,000 \\ \hline Net Sales: & R4,000,000 \\ \hline Cost of Goods Sold (COGS): & R2,500,000 \\ \hline Operating Expenses: & R800,000 \\ \hline Net Income: & R600,000 \\ \hline Dividends Declared: & R200,000 \\ \hline \end{tabular}