The 2017 financial statements for Armstrong and Bar companies are sad bow B Company Statement of Financial Position 3 35 200 5 24.000 Accounts recevable net 38 000 Inventory 120.000 38.000 Property, plant, and equipment nee 150 000 Other non-current 87 000 312.000 5430200 50.000 70.000 Currenties Long-term deb (10%) Share capital Contributed surplus Retained earnings $ 105,000 154.000 32,000 09.200 5 000 75.000 520.000 80 000 Tools and shareholders' equity 5 430 200 30 000 Statement of Earnings Sales revenue (1/3 on credit Cost of sales Expenses including interest and income tax $ 670.000 (258.500 (150.800 5 330 000 415.000 15.00 Nut quarring $ 51,700 $ 9.500 Selected data from the 2016 statements follows: $22.000 90.000 70 000 4000 75.000 Accounts receivable in Invertory Long-term debe Other data: Share price and of 2017 Income tax rate Dividends declared and paid in 2017 Number of common shares during 2017 5 $ 30% 538.000 15,000 $170.000 50.000 The companies are in the same line of business and are direct competitors in a large mopolitan area Both have been in business approximately 10 years, and each has had stay on the management of sach has a different viewpoint in many respects Bar Company is more conservative and as a president said. "We avoid what we consider to be undue risk"Nether company is publicly held Armstrong company has an annual dit by an independent auditor, but Bar Company does not Required 1. Complete a schedule that a ratio analysis of each company sending balanseverage balances are not available (Round intermediate calculations and also 2 decimal places) Armstrong Company Bar Company Rabo Tests of profitability Return on equity Return on assets Financial leverage percentage Earings per share Profit margin Fored setturmover Tests of liquidity Current Quick Receivables tumover Inventory turnover Tests of solvency Times-interesteameda Debt-to-equitymo Pricelearnings ratio Dividend yield ratio