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Question 3. Power plc are manufacturers of an exclusive brand of cashmere products and have been in operation for the past 5 years. The company has been experiencing considerable growth as its products have captured niche markets in Hong Kong, Korea and Japan. In response to an increasing demand in its products, Power plc has increased production levels. Because a large proportion of the company's product costs are fixed and coupled with the fact that the textile sector is very competitive. The finance director has prepared the following ratios for the CEO of the company and has also provide the industry average. ROTA 2021 39.90% 2020 Industry Average 34.60% 35.00% Operating profit margin 16.70% 18.10% 18.00% Gros profit Margin 57.20% 48.70% 55.00% Current ratio 5.07 1.34 3.00 Debtors collection period 72.00 63.00 75.00 Inventory turnover 93.00 59.00 80.00 creditors Payment days 11.00 49.00 25.00 Capital Gearing 0.00 26% 10% Interst cover 36.55 17.78 25.00 Require. From the information given by the finance director as per above, you are requested to write a report to the CEO on the Profitability, Liquidity, Gearing ratio for the year 2021 as compared to both Year 2020 and the industry average. (15 marks).