1. Prepare a statement of cash flows for the current year using the indirect method.
2. Using horizontal analysis, prepare an income statement
3. Calculate the ratios set out below:
a. current ratio
b. quick ratio
c. accounts receivable turnover
d. incentory turnover
e. number of days sales in inventory
f. ratio of liabilities to stockholders equity
g. rate earned on total assets
h. rate earned on stockholders' equity
i earnings per share (assume shares sold on April 30,2013)
5. Identify two strengths and two weaknesses in the company. Make two recommendations to improve the company's financial position.