Using the Balance Sheet and the Income Statement of Muharraq International Corporation for the year of 2017: Required: 1. Evaluate critically the financial performance using financial ratios in the table below for the year 2017? (5 Marks) 2. Compare the results with the industry average and give short comment on the differences? (5 Marks) 3. Give recommendation for a correction action if needed? (5 Marks) Balance Sheet of Muharraq International Corporation (2017) 2017 52 402 836 1,290 361 1,651 Assets Cash Accounts Receivable Inventory Total Current Assets Fixed Assets Total Assets Liabilities and Owner's Equity Accounts Payable Notes Payable Accruals Total Current Liabilities Long Term Debts Total Liabilities Common Stocks Retained Earnings Total Shareholder's Equity Total Liabilities and Owner's Equity 175 225 140 540 425 965 460 226 686 1,651