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Financial Statement Analysis Your growth plans are going to cost a lot of money. You have been successful during the past five years, but you

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Financial Statement Analysis Your growth plans are going to cost a lot of money. You have been successful during the past five years, but you will have to get a bank loan to finance your business expansion. Here is data from your most recent financial statements: Net Income $ 87 455.00 Total Revenue (Sales) $ 404 065.00 Total Owner's Equity $ 120 010.00 Current Assets $ 7 590.00 Current Liabilities $ 3 510.00 Total Assets $ 26 110.00 Total Liabilities $ 8 510.00 Question 1: Prepare a financial analysis by calculating the following: Return on Sales Return on Equity Current Ratio Debt Ratio Debt to Equity Ratio . Show your formulae and calculations in your answers

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