The goal of this assignment is to allow you to practice the use and interpretation of financial metrics based on actual business income statement and balance sheet data. Write out formulas and calculation steps. Provide answers to each question and provide brief interpretations regarding the meaning of your results against the benchmark values given in the Longenecker book. [Note: There is no need to use Excel]  Questions(4 points each): Current (or liquidity) ratio and acid test ratio and Average collection period Inventory turn-over Total asset turnover Operating profit margin Debt ratio and debt-equity-ratio Return on equity Questions (6 points each): State requested value(s) and discuss your answer State the values for the following operational cost factors using the information given: Value of capital assets, Direct material cost, Fixed overhead cost and Variable overhead cost. How much Capital Cost Allowance does this business report? What is the businesses Net Working Capital? Is it sufficient in your view? Looking at the profit-loss statement. What can you say about cash flow for his business? What information (one or more pieces) is/re missing to definitively judge cash flow?