INTERMEDIATE ACCOUNTING I PROJECT - RATIO ANALYSIS / FINANCIAL STATEMENT ANALYSIS YOU ARE THE LOAN OFFICER AT THE LOCAL BANK. XYZ LTD AND ABC LTD HAVE APPLIED FOR A WORKING CAPITAL LOAN OF EQUAL AMOUNT. YOUR BANK ONLY HAVE ENOUGH LOAN CAPABILITY TO MAKE ONE LOAN, ASSUMING YOU CONCLUDE THAT THE COMPANY IS CREDIT WORTHY. YOU ARE TO PERFORM RATIO ANALYSIS IN THE AREA OF LIQUIDITY, PROFITABILITY, TURNOVER, AND SOLVENCY. YOU MUST PROPERLY PRESENT THE REQUIRED RATIO ANALYSIS. YOU ARE TO PREPARE A COMPLETE WRITTEN LOAN ANALYSIS TO BE SUBMITTED TO THE BANK'S LOAN COMMITTEE. YOU ARE TO EXPLAIN YOUR FINANCIAL REASONING AS TO WHICH COMPANY, IF ANY, YOU WOULD RECOMMEND TO BE GIVEN A LOAN. THIS PROJECT MUST BE TYPED, IN GOOD FORM, AND MUST COME TO A CONCLUSION. NOTE: YOU ARE TO USE BALANCE SHEET VALUATION DATE, NOT AVERAGE ANNUAL VALUATION, FOR PURPOSE OF THIS PROJECT. Below mentioned are the financial statements of XYZLtd&ABCLtPSSP Balance Sheet of XYZ Ltd. \& ABC Ltd. P\&L Statement of XYZ Ltd. \& ABC Ltd