Panther Pacific Corporation Ratio Analysis August 31, 2020, 2019, 2018 Instructions: Calculate each of the below ratios for the JUST THE current year. FOLLOW the below steps to complete the ratio analysis: 1. Round ALL answers 2 decimal places 2. Must USE ratio descriptions - including how averages are calculated. For example if average A/R is required, students would input beginng A/R, ending A/R, and average A/R as the description and then import corresponding amounts or formulas. 3. MUST use excel formulas and links to IS comparative worksheets, BS comparative worksheets, or adjusted trial balance within this workbook (see current ratio for example) 4. MUST indicate if current year answer is favorable, unfavorable, or same in realtion to prior year AND industry (see current ratio for example) 5. USE information at bottom of this worksheet to calculate certain ratios 6. If a portion of a ratio is not available, still use in ratio description and use 0 as part of formula 8. USE ratios and comparative statements to write a memo to Panther Pacific management explaining your findings