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The UCW Furniture Inc, operates several stores selling pine furniture. Selected financial ratios are as follows: In 2022, UCW Furniture Inc decided to change its

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The UCW Furniture Inc, operates several stores selling pine furniture. Selected financial ratios are as follows: In 2022, UCW Furniture Inc decided to change its strategy from selling high-end furniture to selling lower-cost items in order to be more competitive and began importing low-cost furniture. In order to do this the company invested in new warehouse facilities and its total assets grew from $2.5 million in 2022 to $4.5 million in 2023 and finally to $5 million in 2024. Required a) Briefly discuss what these financial ratios indicate about how UcW Furniture inc was affected by its decision to change its strategy in 2022

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