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The UCW Furniture Inc. operates several stores selling pine furniture. Selected financial ratios are as follows: 16 In 2022, UCW Furniture Inc decided to change

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The UCW Furniture Inc. operates several stores selling pine furniture. Selected financial ratios are as follows: 16 In 2022, UCW Furniture Inc decided to change its strategy from selling high-end fumiture to selling lower-cost items in order to he more competitive 17 and began imparting low cost furniture. In urder to do this the company invested in new warehouse facilities and its total assets grew from 18$2.5 million in 2022 to $4.5 million in 2023 and finally to $5 million in 2024. 19 20 Required 21 a) Briefly discuss what these financial ratios indicate about how UCW Fumiture Inc was affected by its decision to thange its strategy in 2022. b) Which measures have deteriorated during the subsequent periods? c) Which ratios indicate positive action taken by UCW Fumiture inc during the subsequent periods

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