Provide your own financial statement and find the following. 2. Define the measurement levels of the chosen firm's liquidity, solvency, stability, and profitability ratios. 3. Perform horizontal and vertical analyses onthe selected financial statements of a single or sole proprietorship, partnership, or corporation. 4. Compute, analyse, and interpret financial ratios on the selected financial statements such as current ratio, working capital ratio, gross profit ratio, net profit rato, receivable turnover, inventory turnover, and debt to-equity ratio. Questions for Review and Discussions 1. Prepare financial statements. 2.Define the measurement levels of liquidity, solvency, stability, and profitability ratios. 3. Perform vertical and horizontal analyses of financial statements of a single proprietorship. 4. Compute, analyse, and interpret financial ratios such as current ratio, working capital ratio, gross profit ratio, net profit ratio, receivable turnover, inventory turnover, and debt to-equity ratio