Please provide memo!
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Part One Instructions The financial information for the past two years (2021 and 2022) is provided. "Spartan Cases, Inc.'s" collection policy is 30 days for their receivables and the benchmark for the inventory is 30 days. Using a spreadsheet application, 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 a Comparative Statement of income. 4. Using the textbook, calculate the ratios set out below: a. Working Capital 2021, 2022 b. Current Ratio - 2021, 2022 c. Quick Ratio - 2021, 2022 d. Accounts Receivable Turnover - 2022 e. Number of Days Sales in Receivables - 2022 f. Inventory Turnover 2022 g. Number of Days Sales in Inventory 2022 h. Return on Total Assets 2022 i. Ratio of Liabilities to Stockholders' Equity - 2021 \& 2022 j. Return on Stockholders' Equity - 2022 k. Earnings Per Share - 2021, 2022 The financial statements provided in this practice set can be downloaded from Blackboard. Read the instructions provided before downloading. Download the Excel files on Blackboard (income Statement, Statement of Stockholders' Equity and Balance Sheet) and add a column and calculate the ratios for the vertical and horizontal analysis. 5. Acting as an accounting advisor to the firm, prepare a memo in which you analyze the financial statements prepared in step two and three and along with the ratios that have been calculated above and prepare an analysis of the company's financial position. Identify two strengths and two weaknesses in the company. Make two recommendations to improve the company's financial position. Be specific in each of the recommendations and use all of the above ratios to support your analysis. The length should be no more than one paragraph. Print out your memo and use it to answer the questions in Blackboard. Part of the assignment requires you to go to the Writing Center for help. You will receive a receipt from the writing center when you attend that you will turn in with the assignment. Only the writing portion of the assignment will be turned in with the receipt. All other calculations and answers will be done in Blackboard. Make sure you do not have any spelling, grammatical or punctuation errors. Comparative Balance Sheet Comparative Income Statement Comparative Statement of Retained Earnings 1. Equipment with a cost of $24,000 on which depreciation has been recorded was sold for cash. Equipment was purchased using cash and a long-term note payable. 2. Stock was issued for cash. 3. Dividends were paid in cash