In order to bring you up to speed with RAVIs current situation, you have been asked to assess RAVIs financial performance during 2022 and its financial position at year-end 2022. To complete this assignment, you have gathered the firms 2022 financial statements (below). In addition, your assistant obtained the firms ratio values for 2020 and 2021, along with the 2022 industry average ratios. During the year, lease payments were $10,000, while sinking fund payments were $15,000.

To Do:

1. Calculate the firms 2022 financial ratios, and then fill in the table given at the bottom of this section. (10 points; 1 point each) (ASSUME a 365-day year)

2. In Executive Summary evaluate the firms strength and weaknesses. Break your analysis down into evaluations of the firms liquidity, asset management, debt, profitability, and market ratios, plus overall cross-ratio analysis. (6 points one for each category tied to trends and comparison to industry, plus one for an overall synopsis.)