Question 3 Ratios 2009 2008 2007 GP 30% 31% 32% Net Profit 10% 10% 9% Current Ratio 2% 2.2% 2.5% Quick Ratio 1.1 0.9 7 Inventory Turnover 12 10 8 Account Payable Turnover 10 12 16 Collection Period 45 days 52 days 60 days Fixed Asset Turnover 4 3.5 3 D/E Ratio 1 1.1 1.2 Analyze the above mentioned financial situation of ABC Company and prepare a report based on your finding.