Case Study on Financial Statement Analysis and Long-term Financial Planning Deadline: 04/05/2022 1. Assignment 2: Students will work in teams of a maximum of 4 students in a group. 2. Students are supposed to respond to the two cases 3. Works submitted after the deadline will not be accepted. 4. All assignments including this, and others are weighted 40% towards the final grade 5. The role played by each team member should be indicated in the report. 6. There should not be any communication whatsoever between your team and other teams. 7. Use equation editor to write all equations where necessary 8. Reports should be typed before submission 9. Students who submit shoddy works including works with spelling, grammar, etc. mistakes will be penalized. Other Guidelines 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