What advice would you give this company in regards to the declining ratios? How does comparison with industry averages help evaluate the financial health of this company?

Pace e Bene Unlimited Consolidated Balance sheet For the Years Ended December 31 (in millions) 2022 Cash and cash equivalents 2195 Accounts receivable, net 210 Inventories 1055 Other current assets 1342 Total Current Assets 4,802 Property, Plant and Equipment, net 1,002 Trademarks and Other Intangibles 2,675 Goodwill and other 8,599 Total Property, Plant and Equipment 12,276 Total Assets 517,078 2021 2J23 256 1219 1297 5495 1025 2J18 3J71 12514 $18,009 Current Liabilities: Accounts payable Product liability claims Taxes payable Other current liabilities Total current liabilities Long-term liabilities Long-term debt Other long-term debt Total long'term liabilities Equity Total liabilities and shareholders' eqi $17,078 $18,009 2022 $179 2589 457 L147 4372 1701 2495 6496 6,510 2021 $196 2611 360 L173 4340 4A36 1035 7471 6,498 Earnings per share Income from continuing operation: $2.28 $1.65 Losses from discontinued operatio ~03? - Net Income $1.91 $1.65 Liquidity 2022 Account receivable turnover ratio = Net sales / Average net accounts receivable 40.72 Inventory turnover ratio = Cost of goods sold I Average Inventory 4.31 Current ratio = Current assets I Current liabilities 1.10 Quick ratio: quick assets (=cash 81 cash equivalents + marketable securities + accounts receii 0.55 Free cash flow ratio = Operating income I Interest and debt expense 11.00 Profitability 2022 Gross margin percentage = Sales revenue - cost I Sales revenue 46.86% ROA = Net income / Average total assets 0.07 . ROE = Net income] Number of shares 1.91 . Business Valuations Book Value of Equity = Total Assets - Total Liabilities 5 6,510 Book Value per share 11.17 Market Value $20,686,396,579 Earnings Multiple (PIE ratio) = Stock price/ EPS 18.58 Sales Multiple = Market capitalization / Sales 0.76 Cash Flow Multiple = Operating income - Provision for income taxes / Equity 0.24 2021 32.89 3.68 1.27 0.69 7.65 2021 46.73% 0.05 1.65 5 5,493 11.15 $19,513,754,455 20.29 0.77 0.19 in millions Pace e Bene Unlimited Consolidated Statements of Income For the Years Ended December 31 (in millions) Consolidated Statements of Income 2022 2021 Net sales 5 3,551 5 3,419 Cost of Sales 4,544 4,485 Gross Margin 4,007 3,934 Selling, General and Administrative Expenses 1,493 1,508 Depreciation Expense 95 90 Restructuring charge - 561 Operating income 2,419 1,775 Interest and debt expense 232 251 Interest income -12 -19 Other expense, net 7 9 Income from continuing operations before income t 2,192 1,534 Provision for income taxes 863 572 Income from continuing operations, net of tax 1,329 962 Losses from discontinued operations, net of tax -216 - Net income $1,113 5 962 Year-end stock price Number of outstanding shares, 12/31 Sales multiplier Free cash flow multiplier Earnings multiplier Accounts receivable turnover Inventory turnover Current ratio Quick ratio Cash flow ratio Free cash flow ratio Gross Margin % Return on assets (net book value] Return on equity Earnings per share 2022 2021 $35.48 $33.48 583,043,872 582,848,102 INDUSTRY AVERAGE 1.2 8.5 13 30 0.85 0.47 0.33 0.15 52% 6.70% 18.10% 2.33