Your firm has just lost its accounting system. The only thing you have left is the financial reports from the December 31, 20XA and June 30, 20XB reporting period, but the data is garbled. You have been asked by your Controller to reconstruct the Balance Sheet & Income Statements in Excel for each of these reporting periods as well as performing the following ratio analyses: (a) current ratio ; (b) quick ratio; (c) debt ratio; (d) equity ratio; (f) debt-to-equity ratio ; and (g) profit margin for each reporting period.

Part I: • Using the data provided by your professor, create an Excel worksheet that contains the firm’s balance sheet and income statement. You will be required to use formulas and/functions to recreate the firm’s financial statements, such as the items in YELLOW.

• Using the data from your balance sheet and income statement, conduct the requested ratio analyses.

Part II • Write a two to three (2-3) page memo in which you summarize the firm’s financial position, based on the information provided in Part I.

Answer rating: 100% (QA)

MEMORANDUM To The Controller From Yours Name Date 4 th November 2019 Subject Companys Financial Position Thank you for the opportunity to review the companys financial statements and make this analysi... View the full answer