Directions Use the case method to apply concepts, share ideas, and improve communication skills toward solving a complex business problem. You must read the case (Ratios and Financial Planning at Tuxedo Air Inc. on p.107) carefully. Various assigned readings in this course lean toward value investing. Concepts related to financial statements and longterm financial planning (chapter 3) and valuation and future cash flows (chapter 7) will help you analyze the cases. Preparing the Case Analysis Step 1. Define the problem Step 2. Formulate alternative solutions to the problem Step 3. Evaluate and compare the alternative solutions Step 4. Recommend and justify an effective solution