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Exercises on Ratios incrume Statemente the the unare andent fas ats bhen The High-Low Plumbing Company sells plumbing futures on terms of 2it0, net. As financial statements over the last 3 years follow. Required: a. Calculate the following fatios for all three years: - Current ratio - Quick ratio - Average collection period of Trade Receivables - Inventory turnover - Gross Profit margin - Net Profi maryin - Assel turnover - Returm on Assets - Retura on Equity b. Using your calculations analyse thoroughly the compary's financial condition and performance over the last 3 years. Identify amy problens