From Microsoft Excel for Accounting, complete Extend Your Skills EA2-E1: Create Financial Statements for Frozen Fractals Corp.   

Once you have prepared the financial statements, use Excel to perform a ratio analysis as instructed below and write a memo analyzing the company’s financial position.    

You must use Excel formulas to compute the ratios and totals on the financial statements where applicable. Points will be deducted if you do not use formulas for your calculations.  


Part I