Part III - Preparing Financial Statements Spartan Enterprises, Inc Trial Balance Fiscal Year Ended November 30, 2022 Notes: 1 Accounts keceivable at the btsinning of the year were $350,000 2 All sales Revenue was on actount. 3 inventory at the besinning of the focal vear was $235,000. 4 None of the Bonds Payable will masure within the next 12 month. Required: A) Prepare at, F a multiple-step inceme Sutement, Statement of Retained Earningr, and a Balance sheet. B) Calcualte and present in proper form the following ratios: i) The Current Ratio ii) The Quick Ratio (ala the Andd Test) iii) Return on Assets fose ending assets only in the demonminator) iv) Return on Fquity (use ending equity only in the demonminator) v) The Accounts Receivable Tumover vi) Days in Accounts Receivable vig The inventory Tumover viig) Days in inventory C) Write up your conclusions regarding the above ratio analysis. Do you consider each ratio to be faverable or not. Provide vour thoughts regarding each individual ratio and the overa: conclusion on the health of this company considering the financiabs taken as a whole Fully develop your thoughts in this regard