Financial Statement Analysis $($FSA$)$ Part II:$$ FSA $$ A closer look...$(25$ Points$)$ Your Name $($First and Last Name$)$: Company Name: Use the $2023$ financial statements and the notes to the financial statements $($located in the annual report$)$ to complete FSA II$.$ Questions marked by $(*)$ relate to information disclosed in the notes to the financial statements. The notes to the financial statements are reported in the Company Annual Report $($immediately following the financial statements$).$ The annual report for each company is posted with the FSA Project, financial statements, etc. Calculate each ratio for the current year only! REMINDERS:$$ Each part of the FSA Project must be prepared in a professional manner. Complete each part as if you are providing the analysis for a business client. Present calculations and discussion in a well$-$organized and concise manner. Hand$-$written responses are not acceptable. For each ratio reported in this FSA project, please do the following: State the title of the ratio Provide the ratio in words $($numerator and denominator$)$ Provide the ratio in numbers $($numerator and denominator$)$ Provide the final numerical answer Current Ratio Example: Current Ratio: Current Assets $1,000,000=\mathrm{.}66$ Current Liabilities $1,500,000$ Interpret the results...You should discuss the following:$$ What type of ratio is this: Liquidity, Solvency or Profitability What does the type of ratio mean $($e$.$g$.,$ define liquidity, etc.$)$ What does this ratio specifically measure? Is a higher or lower ratio favorable? What are the results for your company $($and compare to the prior year if$/$when required$)?$ Personal pronouns $($e$.$g$.,$ I or we or they...$)$ should not be used in business reporting.$$ Do not use personal pronouns! $1.*$ What is included in cash and cash equivalents? $2.*$ What method does your company use to $$value or state$$ its inventory?$3.$ Calculate the inventory turnover ratio for the current year.$$ Interpret the results. $4.$ Calculate the average days to sell inventory $($i$.$e$.$ days in inventory$)$ for the current year.$$ Interpret the results. $5.$ Calculate the accounts receivable turnover ratio for the current year.$$ Interpret the results.$$ Note: Credit sales are not reported on the financial statements. Instead, use total net sales $($Mattel$)$ or net revenue $($Hasbro$).6.$ Calculate the average days to collect receivables for the current year.$$ Interpret the results. $7.*$ Identify the method$($s$)$ used by your company to depreciate property, plant, and equipment. $8.*$ Summarize the useful lives applied to the different types of assets. $9.$ Calculate the return on asset ratio for the current year.$$ Interpret the results. $10.$ Calculate the asset turnover ratio for the current year.$$ Interpret the results.