. . The CEO of Jubilee Company wants a brief analysis of Jubilee's ability to pay its current liabilities, its ability to pay its debts, and its profitability over the past three years. Selected financial statements for Jubilee Company for the years of 2021 through 2023 can be found in the Excel document (the first three worksheets: INC STMT, STMT of RE, and BAL SHEET). Requirements 1. Calculate the following measures and ratios for each of the three years, putting the formulas in the appropriate cells (Cells B4 through D6) in the RATIOS worksheet. What does this first group of ratios measure? Working capital Current ratio Quick ratio 2. Calculate the following ratios for each of the three years, putting the formulas in the appropriate cells (Cells B7 through D8) in the RATIOS worksheet. What does this second group of ratios measure? Debt ratio Times-interest-earned ratio 3. Calculate the following ratios for each of the three years, putting the formulas in the appropriate cells (Cells B9 through D10) in the RATIOS worksheet. What does this third group of ratios measure? Gross margin percentage Return on sales 4. Format the ratios in the RATIOS worksheet with the following formats: Working capital: Number, 0 decimal places, Use 1000 Separator Current, quick, debt, and times-interest-earned ratios: Number, 2 decimal places Gross margin percentage and Return on sales: Percentage, 2 decimal places 5. Create sparklines in the cells immediately to the right of the earliest year of ratios you calculated (Cells E4 through E10) in the RATIOS worksheet). 6. Save your workbook using your last name combined with the word "ratios" as the file name, and upload it on D2L under Assignment->FSAProject. 7. What is your overall assessment of Jubilee's ability to pay its current liabilities, its ability to pay its debts, and its profitability over the past three years? . . . . . Jubilee Company Income statements For years ending 12/31/2021 12/31/2022 12/31/2023 $ $ Sales Cost of goods sold Gross margin General and administrative expenses Operating income Interest expense Income before taxes Tax expense Net income $ 155,700 $ 120,300 35,400 $ 17,200 18,200 $ 1,350 16,850 $ 3,370 13,480 $ 165,300 $ 118,900 46,400 $ 18,500 27,900 $ 2,350 25,550 $ 5,110 20,440 $ 175,400 125,800 49,600 19,300 30,300 3,610 26,690 5,330 21,360 $ $