Start with the partial model in the file Ch03 P15 Build a Model.xls from the textbook'sWeb site. Joshua & White (J&W) Technologies's financial statements are also shownbelow. Answer the following questions.

a. Has J&W's liquidity position improved or worsened? Explain.
b. Has J&W's ability to manage its assets improved or worsened? Explain.
c. How has J&W's profitability changed during the last year?
d. Perform an extended Du Pont analysis for J&W for 2009 and 2010. What dothese results tell you?
e. Perform a common size analysis. What has happened to the composition (that is,percentage in each category) of assets and liabilities?
f. Perform a percentage change analysis. What does this tell you about the changein profitability and asset utilization?