Question: 98 PART 2 Understanding Financial Statements and Cash Flow CHAPTER CASE Ratios and Financial Planning at S&S Air, Inc. hris Guthrie was recently hired by

98 PART 2 Understanding Financial Statements and Cash Flow CHAPTER CASE Ratios and Financial Planning at S&S Air, Inc. hris Guthrie was recently hired by S&S Air, Inc., to assist the company with its financial planning and to evaluate the company's performance. Chris graduated from college five years ago with a finance degree. He has been employed in the finance department of a Fortune 500 company since then. S&S Air was founded 10 years ago by friends Mark Sexton and Todd Story. The company has manufactured and sold light airplanes over this period, and the company's products have received high reviews for safety and reliability. The company has a niche market in that it sells primarily to individuals who own

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