Some discussion is required for my financial analysis of Microsoft (MSFT) for financial statements reported June 30, 2020. Ratio Discussion Include your ratio discussion and a table of the results within the body of the Word document. All ratios must be calculated within Excel. After calculating the ratios, briefly explain whether the company is performing better, similar to, or worse in comparison to the prior year (FOR EACH RATIO). Do not just state that they are doing better, because it is higher, you must explain why. The goal is to demonstrate that you know what the ratio means not just state what happened to the numbers, which changed the ratio. If a ratio is not applicable, explain why.

Item/Year	2020	2019	2018
Current Assets	181,915,000	175,552,000	169,662,000
Current Liabilities	72,310,000	69,420,000	58,488,000
Inventories	1,895,000	2,063,000	2,662,000
Cash	136,527,000	133,819,000	133,768,000
Receivables	32,011,000	29,524,000	26,481,000
Total Assets	301,311,000	286,556,000	258,848,000
Total Liabilities	183,007,000	184,226,000	176,130,000
Total Equity	118,304,000	102,330,000	82,718,000
Sales	143,015,000	125,843,000	110,360,000
Cost of Goods Sold	46,078,000	42,910,000	38,353,000
EBIT	52,959,000	42,959,000	35,058,000
Interest		2,686,000	2,733,000
Net Income	44,281,000	39,240,000	16,571,000