help me or ill fail

P12-11 Analyzing Financial Statements by Using Appropriate Ratios (23 L012-5, (9,126,0,127[8)128(4)129 Morksen Corp. has enjoyed modest success in penetrating the personal electronic devices market since it began operatioms a few years ago. A new line of devices introduced recently has been well recetved by castomers. However, the company president, who is knowledgeable about electronics but not accounting, is concerned about the future of the company. Although the company has a line of credit with the local bank, it currently needs cash to continue operations: The bank wants more information before it extends the company's credit line. The president has asked you, as the company's chief accountant, to evaluate the company's performance by using appropriate financial statement analysis, and to recommend possible courses of action for the company. In particular, the president wants to know how the company can obtain additional cash. Summary financial statements for the past three years are available below. Requiredt 1. Evaluate the company's performance and its financial condition for the past two years. Select six appropriate ratios to analyze the company's profitability, asset turnover, liquidity, and solvency for years 7 and 8 , and explain to the company's president the meaning of each ratio you calculate. 2. Based on your analysis of the ratios that you computed in (1), what recommendation would you make to the president for obtaining additional cash? Thise put frided 2 Progerk: mant, and evolomiem land Buildings and equipment Less: Accumblated depreciation Net property, plant, and equipment Total assets Liabulities and Sharcholders' Equity Current labiliries Iexs: Aecumulated deperciation Ner property, plant,iand equipment Totiil assets Currant Rashidriex Bank losan Accourete puyatble Other liabilities income tax payable Tofal current fiabilities Shareholders "eyain! Common shares Retained earnings Other eomprehensive income Total shareholders' equity Total liabilities and shareholders' equity \begin{tabular}{rrc} $16.500 & $11,400 & \$ \\ 6,000 & 4.300 & 2880 \\ 1,640 & 1,600 & 1.500 \\ 960 & 1,040 & 1.000 \\ \hline 25,100 & 18,340 & 5,380 \\ \hline \end{tabular}