Solve the following math problem efficiently and clearly:

- For simple problems (2 steps or fewer):
Provide a concise solution with minimal explanation.

- For complex problems (3 steps or more):
Use this step-by-step format:

## Step 1: [Concise description]
[Brief explanation and calculations]

## Step 2: [Concise description]
[Brief explanation and calculations]

...

Regardless of the approach, always conclude with:

Therefore, the final answer is: $oxed{answer}$. I hope it is correct.

Where [answer] is just the final number or expression that solves the problem.

Problem: Regions I, II and III are bounded by squares. The perimeter of region I is 12 units and the perimeter of region II is 24 units. What is the ratio of the area of region I to the area of region III? Express your answer as a common fraction.

[asy]
draw((0,0)--(9,0)--(9,9)--(0,9)--(0,0)--cycle,linewidth(2));
draw((9,0)--(15,0)--(15,6)--(9,6)--(9,0)--cycle,linewidth(2));
draw((9,6)--(12,6)--(12,9)--(9,9)--cycle,linewidth(2));
label("III",(4.5,4.5));
label("II",(12,3));
label("I",(10.5,7.5));
[/asy]
user