Prepare an Income Statement for the period ending October 31, 2017 7. Prepare a Balance Sheet for October 31, 2017 Problem 2 (ACs3.1, 3.2 8: 3.3) Woody Train has the following income statement (see attachment for details ) Instructions 1. Using the usual ratio categories (Liquidity ratios, Solvency ratios and Profitability ratios), classify the following ratios . Current Ratio . Acid-Test Ratio . Debt-Equity Ratio . Profit Margin . Return on Owners' Equity 2. Calculate the following ratios . Debt-Equity Ratio . Profit Margin . Return on Owners' Equity 3. Based on the information provided and your ratio, how would you describe the financial performances of WoodyTrain? Summative Delivery . Completion of tasks 1 and 2 . Indicative word count 3000 words