The report with your solution should be formatted as a scientific report (or a mini-thesis) and should contain all the information necessary to be able to o understand the procedures you used to arrive at your solution o understand why you used these procedures (always give clear arguments) o see the results of your computations (I do NOT accept references in the text such as 'see the Excel sheet'). In contrast, put your results in clearly structured tables in your main text. I should be able to read and quote your report without having to open additional files. o see that you have thought about the interpretation of the results. Case One: Ratio Analysis at S&S Air Inc. Chris Guthrie was recently hired by S&S Air Inc., to assist the company with its financial planning and to evaluate the company's performance. Chris graduated from college five years ago with a finance degree. He has been employed in the finance department of a Fortune 500 company since then. S&S Air was founded 10 years ago by friends Max Sexton and Todd Story. The company has manufactured and sold light airplanes over this period, and the company's products have received high reviews for safety and reliability. The company has a niche market in that it sells primarily to individuals who own and fly their own airplanes. The Page 1 of 6 company has two models; the Birdie, which sells for GHS 53,000, and the Eagle, which sells for GHS 78,000. Although the company manufactures aircraft, its operations are different from commercial aircraft companies. S&S Air builds aircraft to order. By using prefabricated parts, the company can complete the manufacture of an airplane in only five weeks. The company also receives a deposit on each order, as well as another partial payment before the order is complete. In contrast, a commercial airplane may take one and one- half to two years to manufacture once the order is placed Mark and Todd have provided the following financial statements. Chris has gathered the industry ratios for the light airplane manufacturing industry. Sales Cost of goods sold Other expenses Depreciation EBIT Interest Taxable Income Taxes (40%) Net income Dividends Add to retained earnings S&S AIR, INC. 2021 Income Statement GHS 30,499,420 22,224,580 3,867,500 1,366,680 3,040,660 478,240 2,562,420 1,024,968 1,537,452 GHS560,000 977,452