In Unit 1 you were introduced to critical thinking which entails looking beyond

In Unit 1 you were introduced to critical thinking which entails looking beyond the obvious. In this unit you have learned to identify financial analysis tools and when to use them. Now you will apply these concepts to look at certain financial analysis ratios explained in your book.Scenario: Imagine you have passed your CPA exam and are now employed by a Fortune 500 company. Your boss tells you that as part of your new responsibilities you are to create pertinent ratios from the comparative financial statements. Address the checklist items based on the ratios below:$5.30Checklist:This will have to be done with a least 150 words. Answers will need to be explained on how you got them if necessary.