Financial Ratios

“Financial Ratios Exercise A: Carpenter Technologies” in Trent (2016) book: Chapter 4, pp. 61-64 Trent (2016) Kindle references: Start at Chapter 4, “Calculating Financial Ratios,” reference 1376. Stop before “Financial Ratios Analysis Exercise B: Breeze-Eastern Corporation,” reference 1389. This assignment requires financial analysis in addition to calculation. Show the results of your financial ratio calculations. Using the information from your ratio analysis, prepare a brief financial report about the supplier in the exercise. Note: There are two formula errors in the tables in Chapters 3 and 4 of the textbook. The calculations shown in the book are correct, but there are typos in the formulas. Use the ‘Should be’ formulas shown below in this week’s assignment. Current Ratio: Shown as: current assets – current liabilities Should be: current assets/current liabilities Inventory Days Outstanding: Shown as: 365/inventory turnover Should be: (inventory/cost of revenue) * 365 Please do the research to support all the answers, please add references page, please add in-text citation.