Using the financial statements provided below for First Manufacturing Company, calculate all the ratios listed below for both 2017and 2018. Assume that all sales are credit sales.(a)Calculate the ratios for First Manufacturing Company for 2017and2018.(b)Put an “I”beside the Year 2018ratio calculation if the ratio has improved compared to 2017.(c)Put a “W”beside the Year 2018ratio if First Manufacturing Company’s ratio is weaker than the industry average