RVX engages in the manufacturing, distribution and sales of automobiles. You are working for a wealth management company and you have been asked to discuss the following aspects for RVX. Find below the Balance sheet and the income statement. Calculate the appropriate ratios to discuss each aspects from the 5 above and then provide a trend analysis using the 3-step approach analysis for the last three years. Aspect 1: Profitability Aspect 2: Short term solvency Aspect 3: Current Asset liquidity Aspect 4: Long term solvency Aspect 5: Capital structure Find below the Balance sheet and the income statement of RVX. . Use the following info for Q1-5. RVX Company Balance Sheer Dec-18 Dec-17 Dec-16 Assets Cash & Short-Term Investments Cash Only Total Short Term In Ats Accounts Receivables Inventories Other Current Assets Total Current Assets Net Property, Plant & Equipment Other Long-Term Investments Intangible Assets Doforrad Tay Assets 33.95 38.93 38.83 16.72 18.49 15.91 17 23 20.44 22.92 65.81 63.05 57.59 11.22 10.28 8.90 3.67 3.65 3.15 114.65 115 90 108.46 65.30 63.56 60.90 58.69 59.63 53.45 0.44 0.29 0.25 0741 Deferred Tax Assets 10.41 10.97 9.71 Other Assets 7.05 7.45 5.19 Total Assets 256.54 257 81 237.95 Liabilities & Shareholders' Equity Current ST Debt & Curr Portion LT Debt 53 49 51 62 49.67 Accounts Payable 21.52 23 28 21.30 Other Current Liabilities 20.56 19.70 19.32 Total Current Liabilities 95 57 94 60 90 28 Long-Term Long-Term Debt 100.72 102.67 93.30 Provision for Risks & Charges 15.72 17.02 16.92 Deferred Tax Liabilities 0.60 082 0 69 Other Liabilities 7.87 7.69 7.48 Total Liabilities 220.47 222 79 208 67 Equity Common Equity 35.93 34.89 29.17 Common Stock Par 0.04 0.04 0.04 Additional Paid-in Capital/Capital Surplus 22.01 21.84 21.63 Retained Earnings 22.67 21 22 15.63 Cumulative Translation Adjustment/Unrealized For Exch. Gain 4 80 4.28 4.59 Unrealized Gain/Loss Marketable Securities -0.06 -0.05 -0.01 Other Appropriated Reserves -251 -2.63 -241 Treasury Stock -1 42 -1.25 -1 12 Total Shareholders' Equity 35.93 34.89 29 17 Accumulated Minority Interest 0.13 0.13 0.11 Total Equity 36.07 35.02 29.28 Total Liabilities & Shareholders' Equity 256.54 257 81 237.95 RVX Company Income Statement Sales Cost of Goods Sold (COGS) incl. D&A COGS excluding D&A Depreciation & Amortization Expense Gross Income 160.34 156.78 151.80 137.58 132.89 128.73 129 27 124 44 120 01 8.31 8.45 8.72 22.76 23.88 23.08 a Gross Income SG&A Expense Research & Development Other SG&A Other Operating Expense EBIT (Operating Income) Nonoperating Income - Net Interest Expense Unusual Expense - Net Unrealized Valuation Gain/Loss Pretax Income Income Taxes Consolidated Net Income 22.76 23.88 23.08 19.60 19.53 19.50 8 20 8.00 7.30 11.40 1153 12.20 0.00 0.00 0.00 3.15 4.36 3.58 2.41 5.35 3.32 1.24 1.35 1.26 -0.02 0.20 -1.16 0.02 -0.20 1.16 4.35 8.15 6.80 0.65 0.52 2.19 3.70 7.63 4.61 Calculate the appropriate ratios to discuss each aspects from the 5 above and then provide a trend analysis using the 3-step approach analysis for the last three years. Aspect 1: Profitability using 2 and 3-level DuPont system