Part I. Financial Statement Analysis

To bring you up to speed with RAVI's current situation, you have been asked to assess RAVI's financial performance during $2023$ and its financial position at year$-$end $2023.$ To complete this assignment, you have gathered the firm's $2023$ financial statements $($below$).$ In addition, your assistant obtained the firm's ratio values for $2021$ and $2022,$ along with the $2023$ industry average ratios. During the year, lease payments were $\backslash (\backslash$$ $10,000\backslash ),$ while sinking fund payments were $\backslash (\backslash$$ $15,000\backslash ).$

To Do:

$1.$ Calculate the firm's $2023$ financial ratios, then fill in the table at the bottom of this section. points; $1$ point each$)($ASSUME a $365-$day year$)$

$2.$ In the Executive Summary, evaluate the firm's strengths and weaknesses. Break your analysis into evaluations of the firm's liquidity, asset management, debt, profitability, market ratios, and overall cross$-$ratio analysis. $(5$ points $-$ one for each category tied to trends and comparison to industry; plus note that the "Conclusion" context point will depend upon an overall synopsis here and in Part II and Part III.$)$ Balance Sheets

Assets

Liabilities and Stockholders' Equity

Current liabilities