Project scope Research the company you are Access the SEC Edgar site to pull up the most recent $10-$kSince most companies have a $12/31/$ year end $-$ you should have many of these available FOCUS ON: &A $($ management discussion and analysis $).$ Financial statements $($the IS$/$BS and Statement of Equities$)$ Research your chosen company's "investor relations website. You should be able to find some nice financial presentations that leaders make to investors and even links to investor day calls Research recent media publications and even you tube. $2.$ Answer the following with your group presentation : Business overview : $5-10$ mins: What does the company do$?$ How do they make money? what is the business model about?$)$ How is the market looking? are there growth opportunities? where will growth come from? Do they have market share? What are the competition doing? $.$ What are the challenges faced by your company?Financial analysis : $5-10$ mins would like to see you selecting ratios that are RELEVANT to your assessment of the business issues. The below ratios are examples only$-$you may choose others if you think they are more relevant! Please make sure you have TWO YEARS $(2019$ and $2018),$ so we can compare. note that if you see financial ratios on investor relations presentations and use theseI need you to rework these calculations Remember the calculation for variance percentages number$-$new number$)$old number$100$ Please pick a minimum of three ratios and submit your worksheets to me when you present. Please remember that when you are comparing a mix of income statement and balance sheet iterns, you need to average the opening balances and the closing balances Also take note that explanations for these ratios are in your textbooks and can be researched online too. Remember that financial statements will use different terminologyit is important you UNDERSTAND th components of the ratios that are listed below. Please compare $9($at least $3$ per category a$-$c below $)$ year over year ratios and EXPLAIN WHOperations analysis Gross profit Gross profit$/$revenue x $100$ Net profit Net profit$/$revenue x $100$ Asset turnover ratio Net sales revenue$/$average total assets $.$ Working capital $1.$ Accounts receivable ratioY there is a variance using plain $.$Debtor days $($Days in receivables$)365$ days$/$ Accounts receivable turnover ratio $3.$ Stock turnover $($CH $)$ Inventory turnover Cost of goods sold$/$ average merchandise inventory Number of inventory days $/$ days sales in inventory $365$ days$/$ inventory turnover Creditor days Go look up Liquidity Current ratio Current assets$/$ current liabilities $2.$ Cash ratio Cash cash equivalents$)/$total current liabilities Acid$-$test ratio $($ Cash including cash equivalents $+$ short term investments net current receivables $)/$Total current liabilities HOW PROF NIC CALCULATES : $($ Current Assets Inventory $/$ Current Liabilites