The purpose of the second part of the comprehensive project is to compute financial statement ratios. Based on the company

$($in this case Shopify$)$

$$you selcted in Part I, complete the following $($Actually calculating the ratios not just explaining what to do in each, can use this website to find financials, or any other sources using $2021$ and $2022$ as the years to calculate: finance.yahoo.com$)$

Based on formulas in your textbook, compute the following ratios for TWO years. You may use Excel to compute your ratios.

Debt ratio

Gross profit margin

Free cash flow

Times interest earned

Accounts receivable turnover

Inventory turnover

B$.$ Prepare a DuPont Analysis of ROE for two years, including computations of

Return on Sales

Asset Turnover

Return on Assets

Financial Leverage

Return on Equity

C$.$ Briefly evaluate the ratio trends. Indicate on your worksheet whether each ratio is:

stronger $/$weakerquicker

$/$slower

more

$/$

$$less liquid

more

$/$

$$less risk