Final answer:
The phase in question where financial ratios are produced is 'analyzing data' (option A), which involves examining raw data to derive meaningful interpretations about a healthcare firm's liquidity and profitability.
Step-by-step explanation:
The phase of the financial statement analysis framework where an analyst produces a table of financial ratios on liquidity and profitability for a healthcare firm is likely analyzing data. Analyzing and interpreting data is a process that involves taking raw data, such as financial ratios, and examining them to make interpretive claims or to see how they relate to the health of the company. It comes after collecting data, where the initial information is gathered, and before processing data, where findings are integrated and presented in a comprehensible format.
During the data analysis phase, an analyst would determine what patterns and relationships the data shows, such as how well the healthcare firm can meet its short-term obligations (liquidity) and how profitable it is regarding its revenue and investments (profitability).