Resources: Virtual Organizations Click the Virtual Organizationlink to access the Virtual Organizations. Select one of the VirtualOrganizations as the basis for this assignment. Obtain facultyapproval of your selected organization before beginning theassignment. Access the information contained in your selectedorganizations balance sheet and income statement to calculate thefollowing: Liquidity ratios Current ratio Acid-test or quickratio Receivables turnover Inventory turnover Profitability ratiosAsset turnover Profit margin Return on assets Return on commonstockholders equity Solvency ratios Debt to total assets Timesinterest earned Show your calculations for each ratio. Create ahorizontal and vertical analysis for the balance sheet and theincome statement. Write a 350- to 700-word memo to the CEO of yourselected organization in which you discuss your findings from yourratio calculations and your horizontal and vertical analysis. Inyour memo address the following questions: What do the liquidityprofitability and solvency ratios reveal about the financialposition of the company? Which users may be interested in each typeof ratio? What does the collected data reveal about the performanceand position of the company? Format your memo consistent with APAguidelines.