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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

You can find the above financial statements from the worksheet Q3_IS&BS of the Homework 1 file. Go to the worksheet named Q3_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 Merrimacks financial condition using the 2019 industry averages in column D. Look at the EPIs analysis file from the Week 2 folder if needed.
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