Please complete the following

Chapter 18- Assignment Financial Statement Analysis The following are financial statements for two companies selling similar products: Data from the Current Year End Balance Sheets Bones Company Skull Notes receivable Accounts recelvable, net Merchandise inventory Prepaid expenses Plant and equipment, net Total Assets $11,900 7,700 42,000 58,800 1,680 3,200 64,000 87,680 3,520 274400 $452,800 7 $ 354,200 Current liabilities Mortgage payable Common stock Retained earnings Total liabilities and shareholders' equity $56,000 70,000 140,000 80,000 80,000 160,000 5354,200 452,800 Data from the Current Year's Income Statement Sales Cost of Goods sold Interest expense Income tax expense Net Income $672,000 528,080 4,200 9.875 880,000 699,840 5,600 Required: 1. Calculate and complete the following table. For the comment identify with an "F" the company that has the most favorable ratio and explain why. Note: Just saying it is larger is not enough