Can somebody explain me the best solution for these equations and explanations for Steps 11 & 12: Ratios and Interpretation please? the information from the prior steps has been upladed as well.

Requirement \# 11: Ratios Requirement \#8: Prepare the closing entries at March 31 in the General Journal below. Hint: Use the balances for each account which appear on the Adjusted Trial Balance for your closing entries. Requirement \#9: Post the closing entries to the T-Accounts on the General Ledger worksheet and compute ending balances. Just add to the adjusted balances already listed. Please enter what each of the ratio results from Spreadsheet 11 mean for the company. Requirement \#7: Prepare the financial statements for Howard's Flight Radio Management Corporation as of March 31 in the space below. You will only be preparing the Income Statement, Statement of Retained Earning, and the Balance Sheet. The Statement of Cash Flows is a required Financial Statement, but is not required for this project. Howard's Flight Radio Management Corporation Income Statement For the Month Ending March 31 Howard's Flight Radio Management Corporation Statement of Retained Earnings For the Month Ending March 31 Howard's Flight Radio Management Corporation Balance Sheet March 31 \begin{tabular}{|c|c|c|c|} \hline & HowardsFlightRadioPost-ClosirM & ration & \\ \hline Account & Account & Balk & \\ \hline Number & Titile & Debit & Credit \\ \hline111 & Cash & 20,190 & \\ \hline 117 & Prepaid Insurance & 1,980 & \\ \hline 119 & Repair Supplies & 200 & \\ \hline 515 & Repair Equipment & 5,800 & \\ \hline 145 & Accumulated Depreciation & & 150 \\ \hline 212 & Accounts Payable & & 3,850 \\ \hline 213 & Income Tax Payable & & 100 \\ \hline 311 & Common Stock & & 22,500 \\ \hline 312 & Retained Eamings & & 1,570 \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & 28,170 & 28,170 \\ \hline \end{tabular}