You will now return to the three fictional companies used throughout this course. Imagine that all three of the businesses have been made available for sale, and that you are a senior level executive for the Acme Food Company, which has an interest in moving into the upscale coffee market. Your board of directors has asked for your opinion: Given the information you have before you, which of these three properties do you think is in the best financial health?Access the financial statements that have been made available to you as you prepare to write a memo to the board. Click here to download all statementsLinks to an external site. for the three companies in PDF format or click here to download all the statementsLinks to an external site. in Excel format. You can also click the links below to download the statements individually in PDF or Excel formats.The CompaniesIn order to get hands$-$on experience working with financial statements, we have created three fictional companies, each with its own set of financial data. Although the companies are fictitious, the statements and the numbers are realistic representations of what you would encounter in the real world. Please read the description for each company below, then click the links to access the financial statements.Astrobucks CoffeehouseWhite Mountain CoffeeKrunchy Krust DonutsAstrobucks is a high$-$quality coffee bean roaster and brewer that offers delicious coffee beverages and products. Astrobucks specializes in the sale of coffee, pastries, and accessories through its retail stores, as well as bottled coffee drinks and ice cream through supermarkets. Founded in $1978,$ Astrobucks is the world's leading retailer and specialty coffeehouse.White Mountain Coffee started as a small caf$$ nestled in the beautiful mountains of New Hampshire. Since its inception in $1982,$ the company has grown to become a leading wholesale provider of rich, aromatic specialty coffee blends, available originally through mail$-$order catalogs and now also through the Internet and retail stores.Herschel Watrobsky founded Krunchy Krust Donuts in $1955.$ Today, the company operates more than $360$ retail locations in $44$ states and five countries. The company specializes in serving $33$ different kinds of donuts and pastries, including its famous Krunchy Krust Supreme donut, as well as an assortment of specialty coffee beverages.Income StatementBalance SheetCash Flow StatementAstrobucks Coffeehouse Financial Statements $-$ ExcelIncome StatementBalance SheetCash Flow StatementWhite Mountain Coffee Financial Statements $-$ ExcelIncome StatementBalance SheetCash Flow StatementKrunchy Krust Donuts Financial Statements $-$ ExcelLinks to an external site. Instructions:$1.$ Review the financial statements for the three companies provided here$\mathrm{.}2.$ Download the "Make Your Recommendation" projectLinks to an external site.$\mathrm{.}3.$ Complete the project in which you will write a brief memo to your board of directors explaining your opinion about which of the three companies is in the best financial health$\mathrm{.}3.$ Cite specific information from the income statements, balance sheets, and cash flow statements to strengthen your case. What can you infer about these companies from looking at their financial statements? Which of the three businesses is performing the best? How do you know that? $($Your goal is to demonstrate that you know how to read each of these statements and can make some reasonable analysis from them.$)$