please answer case problem 7.1 parts a,b,c . please show all steps

as I can aloout the company." Jack prefers to compute his own ratios even though he could easily obtain analytical reports from his broker at no cost. (In fact, Billy Hob Smith, his broker, has been volunteering such services for years.] Recently, Jack has been keeping an eye on a small chemical stock. The firm, South Plains Chemical Company, is big in the fertilirer business-which is something. Jack kbows a lot about. Not long ago, he received a copy of the firm's latest financial statements (summarized here) and decided to take a closer look at the company. Questions a. Compute the following ratios, using the South Plains Chemical Company figures. b. Compare the company ratios you prepared to the industry figures given in part a. What are the company's strengths? What are its weaknesses? c. What is yout overall assessment of South Plains Chemical? Do you think Jack should continue with his evaluarioo of the stock? Explain