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Part One Instructions The financial information for the past two years (2021 and 2022) is provided. Ellie's Earphones collection policy is 30 days and

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Part One Instructions The financial information for the past two years (2021 and 2022) is provided. Ellie's Earphones collection policy is 30 days and the benchmark for the inventory is 35 days. Using a spreadsheet application, such as Microsoft Excel, and the information from the previous years, provide the following: 1. Prepare a Statement of Cash Flows for the current year using the indirect method. 2. Using horizontal analysis, prepare a Comparative Balance Sheet. 3. Using vertical analysis, prepare an Income Statement. 4. Using the textbook, calculate the ratios set out below: a. Working Capital 2021, 2022 b. Current Ratio - 2021, 2022 Accounts Receivable Turnover - 2022 C. Quick Ratio-2021, 2022 d. e. Number of Days Sales in Receivables - 2022 f. Inventory Turnover - 2022 Number of Days Sales in Inventory - 2022 Ratio of Liabilities to Stockholders' Equity - 2022 g. h. i. j. Return on Stockholders' Equity - 2022 Return on Total Assets - 2022 k. Earnings Per Share -2021, 2022

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