You can find the above financial statements from the worksheet $$Q$3\_$IS&BS$$ of the Homework $1$ file. Go to the worksheet named $$Q$3\_$FS analysis$$ and calculate the ratios given with all formulas linked directly to the income statement and balance sheet. Assume that all sales are credit sales when you calculate the accounts receivable turnover ratio. Also, evaluate Merrimack$$s financial condition using the $2019$ industry averages in column D$.$ Look at the EPI$$s analysis file from the Week $2$ folder if needed.Equity

Equity