FSA Assignment 1 Due Saturday by 11:59pm Points 30 Submitting a file upload File Types doc, docx, pdf, jpg, jpeg. gif, txt, xls, and xlsx Start Assignment INSTRUCTIONS This is first of the semester's Financial Statement Analyses. Kellogg's and General Mills are the companies we'll be examining. They are two of the largest makers of breakfast cereal and other food items. They are close to each other in both size and product lines. You probably consume one of their many products daily. Start the project by reading Chapter 13 in your textbook. Have the attached template on hand when doing so. Then find each companies' annual reports or 10K. All of the information for the three years appears in the Year End 2020 report. You'll find it on the income statement. Be sure to look at the Management Discussion & Analysis section of the annual (10-K) reports. Management may indicate reasons for percentage changes between years in the selected income statement line items you are analyzing. .There is no minimum length requirement, however, experience has shown that students who submit FSA assignments for which the analysis part is shorter than 2-3 page (typed), usually have not taken their analysis to a sufficient degree of width and depth in order to score in the higher percentiles. The first FSA consists of TWO Parts, focusing on these three types of ratios: 1. Component Percentages - Horizontal Analysis and Time Series calculations. 2. Accounts receivable turnover and days 3. Inventory turnover and days.