Refactoring EditorAction

[Rafi993]

Describe the bug

1. Refactoring EditorAction to remove nested ternary operators for better readability
2. To convert class component into functional component

Additional context

Nested ternary operators are hard to debug. This is issue to make that component more readable

[github-actions]

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[Rafi993]

I have created the PR some time ago. I just created the issues now since it would be easier to track the PR.