Choose 1 financial ratio that you will need to calculate.
Choose 1 publicly traded company and review the most recent balance sheet and income statement for a company whose reports are posted on a website, such as Yahoo Finance.
Calculate the financial ratio you selected for the company you chose.
Respond to the following in a minimum of 175 words:
- What is the ratio you chose? Explain what this ratio means.
- What were the results of your calculation? Show your work t, including the formula you used, the data you input for your calculation, and the company name in your response.
- What might you infer about the company’s financial performance as it relates to this ratio?
- Which other ratios might you find helpful to confirm what your original ratio calculation told you?
