Analyze the data you calculated in problems \#1 \& 2 and prepare an essay on the company you chose, Iroquois or Percy, that (1) has the better short-term position, and then which company (2) would be the better investment. In your own words, consider the following items as noted on the grading rubric in D2L. Document your calculations in the spreadsheet provided to you in the Assignment Dropbox in D2L. Content \& Development: Essay is comprehensive and discusses the importance for each measure of profitability. Major points are clearly stated and fully developed. Comparisons of calculated results between companies are noted. Data Included: Essay includes the data calculated from problems \#1 \& 2 (ratios, not dollars). Data is included for both companies as support for statements made. Format Length: The required length of essay should contain a minimum of 350 words. The essay should discuss the results for both companies. Organization \& Structure: Structure is clear and easy to follow, expressed professionally as if presented to management or a peer group in a work setting. Paragraph transitions are logical and maintain the flow throughout the comments. Introduction and conclusion are present and logical. Comments are free from spelling and/or grammar errors, with complete sentences and correct punctuation. You are not expected to know why the changes happened, just what has changed and how those changes affected different elements in the statements. See the example analysis in D2L. (Note: Prepare your essay in a word processor to ensure correct spelling, grammar and punctuation and the minimum word count. Then copy and paste in the box included here.) Ratio analysis [The following information applies to the questions displayed below.] Summary information from the financial statements of two companies competing in the same industry follows. Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts receivable turnover, (d) inventory turnover, (e) days sales in inventory, and (f) days' sales uncollected. (Do not round intermediate calculations.) 1b. Identify the company you consider to be the better short-term credit risk. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. For both companies compute the current ratio. For both companies compute the current ratio. For both companies compute the acid-test ratio. For both companies compute the accounts (including notes) receivable turnover. For both companies compute the inventory turnover. For both companies compute the days' sales in inventory. For both companies compute the days' sales uncollected. Ratio analysis [The following information applies to the questions displayed below.] Summary information from the financial statements of two companies competing in the same industry follows. 2a. For both companies compute the (a) profit margin ratio, (b) total asset turnover, (c) return on total assets, and ( d ) return on equity. Assuming that each company's stock can be purchased at $80 per share, compute their (e) price-earnings ratios and ( f dividend yields. 2b. Identify which company's stock you would recommend as the better investment. Answer is complete and correct. Complete this question by entering your answers in the tabs below. For both companies compute the profit margin ratio. For both companies compute the profit margin ratio. For both companies compute the total asset turnover For both companies compute the return on total assets. For both companies compute the return on equity. Assuming that share and each company's stock can be purchased at $80 per share, compute their price-earnings ratios. 2A Ret On Equity 2A Div Yield > Assuming that each company's stock can be purchased at $80 per share, compute their dividend yields. Answer is compiete and correct. Complete this question by entering your answers in the tabs below. dentify which company's stock you would recommend as the better investment. Identify the company you consider to be the better short-term credit risk