1. In your textbook, Fundamentals of Corporate Finance, complete:
    1. Problems 13 and 14 on page 85, preparing common-size balance sheets and common-base year balance sheets for Just Dew It.  You should use an Excel spreadsheet (a template is available on the textbook website) to complete this assignment.
    2. The requirements of the Mini-case “Ratio Analysis at S & S Air, Inc.” on pages 88 and 89
  2. Write a one-page Word memo to the CEO of S & S Air, Inc. addressing Question 3 of the Mini-case, comparing the performance of S & S Air to the industry, commenting on why S & S’s ratios might be viewed as positive or negative relative to the industry, with brief commentary.  (Exclude the second half of the question regarding the creation of another inventory ratio.)

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