Please I really need help with this! It needs to be based on the annual report from Delta Airlines. You can find it by searching Google for "annualreport.com delta airlines 2021".

Question 3:

THE BALANCE SHEET

a. Locate the companys balance sheet.

Balance sheet date: __________________

Page on which balance sheet appears: _________

b. The accounting equation is Assets = Liabilities + Stockholders Equity (remember that a balance sheet balances). Replacing the words in the accounting equation with dollar amounts; give the companys accounting equation at the end of the current and prior years. If the amounts are listed in millions, make sure you state this.

Assets = Liabilities + Equity

Date for This year ________________

Equation figures: (A)_______________ = (L)______________ + (E)_______________

Date for Last year ________________

Equation figures: _______________ =______________ +_______________

c. Calculate the companys current ratio for both this year and the prior year.

Show your computations and then the result. Present the figure correctly; each ratio has a specific format.

The Equation for current ratio is: ___________________

This year: = ___________________ (show your work) = ____________ (result)

Late year: = ___________________ (show your work) = ____________ (result)

Explain what information this ratio provides. (Hint: See the Financial Statement Analysis chapter of your textbook.) Use complete sentences.

Has the current ratio improved or worsened? Explain your answer and add your comments on the results. Use complete sentences.

d. Calculate the companys working capital for both this year and the prior year.

Show your computations and then the result. Present the figure correctly; each ratio has a specific format.

The Equation for working capital is: ___________________

This year: = ___________________ (show your work) = ____________ (result)

Late year: = ___________________ (show your work) = ____________ (result)

Explain what information this figure provides. Use complete sentences.

Has the result improved or worsened? Explain your answer and add your comments on the results. Use complete sentences.

e. Calculate the companys debt to total assets ratio (also called total debt to equity) for both this year and the prior year.

Show your computations and then the result. Present the figure correctly; each ratio has a specific format.

The Equation for debt to total assets ratio is: ___________________

This year: = ___________________ (show your work) = ____________ (result)

Late year: = ___________________ (show your work) = ____________ (result)

Explain what information this ratio provides. Use complete sentences.

Has the ratio improved or worsened? Explain your answer and add your comments on the results. Use complete sentences.