How would I solve questions 1-3 ?

PART ? Firarcial Statements and Lore-Term Firencial Perring own and fly their own airplanes. The company has two mod- els; the Birdie, which sells for $53,000, and the Eagle, which sells for $78,000. S&S AIR, ING 2014 Income Statement Sales Although the company manufactures aireraft, its opera Cost of goods sold tions are different from commercial aircraft companies. S&s Air builds aireraft to order. By using prefabricated parts, the company can complete the manufacture of an airplane in onlyDeprecia ive weeks. The company also receives a deposit on each EBIT order, as well as another partial payment before the order isInterest complete. In contrast, a commercial airplane may take one Taxable income and one-half to two years to manufacture once the order is | Taxes (40%) $40,259,230 29,336,446 5,105,100 1,804 220 3,382,944 1.353,178 $2,029,766 Mark and Todd have provided the following financial state- ments. Chris has gathered the industry ratios for the light air- plane manufacturing industry. 610,000 1,419,766 Add to retained earnings S&S AIR, ING 2014 Balance Sheet Liabilities and Equity Current assets Current liabilities $ 456,435 Accounts payable 733,125 Notes payable $ 929,005 2,121.350 Accounts receivable Total current liabilities 1,073,180 Total current assets 2.262,740 $ 3,050,355 5,500,000 400,000 $11,435,815 debt Fbxed assets Net plant and equipment $17.723,430 Shareholder equity Common stock Retained earnings Total assets $19,986,170 Total liabilities and equity $19,986,170 QUESTIONS 1. Using the financial statements provided for S&S Light Airplane Industry Ratios Quartile Median Quartile calculate each of the ratios listed in the table for the Ligh 1.89 Current ratio Quick ratio Cash ratico Total asset turnover 2. Mark and Todd agree that a ratio analysis can provide .62 21 21 38 measure of the company's performance. They have sen Boeing as an aspirant company, Would you chos Boeing as an aspirant company? Why or why not? Ihere are other aircraft manufacturers S&S Air could use S pirant companies. Discuss whether it is appropriate to any of the following companies: Bombardier, Embraer Cirrus Design Corporation, and Cessna Aircraft Conn .68 6.27 82 14.11 52 6 Recelvables turnover Total debt ratio 3. Compare the performance of S&S Air to the indostr 2.56 8.06 83 10.27 1.68 2.08 For each ratio, comment on why it might be viewed positive or negative relative to the industry. Suppo create an inventory ratio calculated as inventory div by current liabilities. How do you think S&S Airs would compare to the industry average? 5.18 9.4 Gash coveraga ratie 5.84 Profit margin Return on assets Return on equity 4.05% 6.05% 9.93% -5.10% 10.53% 18.14% 7.15% 13.21% 26.15%