Please I need help, I already solved this assignment I just need someone to review it for me and let me know if there are any mistakes before I submit it, the due date is on Monday before 3:00 pm. if I did not get the full mark on this assignment I will fail the course, it is my last hope. Also if you help me with the written submission

it will be good. Thank you in advance.

ROOT LTD. STATEMENT OF FINANCLAL POSIIION AS AT DECEMBER 31, 2022 CANADLAN DOLLARS (millions of dollars) ASSETS Current assets Cash Short-term investments Accounts receivable Inventory Spare parts and supplies inventory Prepaid Maintenance Prepaid expenses Total current assets Investments Property plant, and equipment Land Office Burlding Less: Accurnulated depreciation Equipment Less: Accumulated depreciation Vehicles Less: Accumulated depreciation Furniture Less: Accumulated depreciation Total property, plant and equipment 4,698 Intangible assets Trademark Patent Total intangible assets Total Assets Liabilities and Shareholders' Equity Current Liabilities Accounts payable Accrued liabilities Unearned Revenue Current portion of bank loan and mortgage payable Income Tax payable Total Current Liabilities 2,508 Non-current liabilities Bank loan payable Mortgage Payable Bond payable Total Non-current liabilities Total Liabilities Shareholders' Equity Preferred Shares ** Common Shares Retained Earning Total Shareholders' Equity Total liabilities and shareholders' equity There were no preferred dividends declared this year. The Weighted Average number of common shares outstanding are: 25,000,000 The Market price per common share is : 20 ROOT LTD. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31,2022 CANADLAN DOLLARS (millions of dollars) Revenue 7 Sales Revenue * 8 Rent Revenue 9 Interest Revenue 10 Other Revenues Total revenues 12 Operating expenses Cost of Goods sold Wages expense Salary expense Benefit expense Research and development expense Repairs and maintenance expense Sales and distribution costs expense Depreciation expense - equipment Depreciation expense vehicles Depreciation expense - furniture Depreciation expense - office building Insurance expense Property taxes expense Food and beverage expense Supplies expense Interest expense Information technology expense Advertising expense 32 Total operating expenses 33 Profit before income tax 34 Income Tax expense 35 Profit 27 * Denotes all of these sales were made on credit ARROW LTD. STATEMENT OF FINANCLAL POSITION AS AT DECEMBER 31,2022 CANADIAN DOLLARS (millions of dollars) ASSETS Current assets Cash Short-term investments Accounts receivable Inventory Spare parts and supplies inventory Prepaid Maintenance Prepaid expenses Total current assets Investments 225 Property plant, and equipment Land Office Building Less: Accumulated depreciation Equipment Less: Accumulated depreciation Vehicles Less: Accumulated depreciation Furniture Less: Accumulated depreciation Total property, plant and equipment Intangible assets Trademark Patent Total intangible assets Total Assets Liabilities and Shareholders' Equity Current Liabilities Accounts payable Accrued liabilities Unearned Revenue Current portion of bank loan and mortgage payable Income Tax payable Total Current Liabilities 2,125 Non-current liabilities Bank loan payable Mortgage Payable Bond payable Total Non-current liabilities Total Liabilities Shareholders' Equity Preferred Shares ** Common Shares Retained Earning Total Shareholders' Equity Total liabilities and shareholders' equity ** There were no preferred dividends declared this year. The Weighted Average number of common shares outstanding are: 20,000,000 The Market price per common share is : 45 ARROW LTD. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2022 CANADLAN DOLLARS (millions of dollars) Revenue 7 Sales Revenue * 8 Rent Revenue 9 Interest Revenue 10 Other Revenues 11 Total revenues 12 Operating expenses Cost of Goods sold Wages expense Salary expense Benefit expense Research and development expense Repairs and maintenance expense Sales and distribution costs expense Depreciation expense - equipment Depreciation expense - vehicles Depreciation expense - furniture Depreciation expense - office building Insurance expense Property taxes expense Food and beverage expense Supplies expense Interest expense Information technology expense Advertising expense 32 Total operating expenses 33 Profit before income tax 34 Income Tax expense 35 Profit 36 * Denotes all of these sales were made on credit You are the loan manager at a local bank. Two companies have approached you about securing a 6-month loan. Based on your calculations in the Microsoft Excel file provided to you by your instructor, please comment on the following: Assess and comment on Arrow and Root's LIQUIDITY ratios. (1 mark) Assess and comment on Arrow and Root's SOLVENCY ratios. (1 mark) 1 Assess and comment on Arrow and Root's PROFITABILITY ratios. (1 mark) Which company would you prefer to give the loan between Root and Arrow? Explain why. (1 mark) In 2-3 sentences, describe the concern you would have if you found out that Arrow had upgraded its accounting system this year and the company did not test the new accounting system to make sure the system was processing data correctly. (1 mark)