Respond to each of the items below. (25 points) (A 1½-page response is required.)
1. List the five (5) basic steps in financial analysis.
2. Why do you believe these steps would be important when conducting a financial analysis?
3. Provide two (2) examples of liquidity ratios and two (2) examples of profitability ratios. For each, include their meaning and how they are expressed.
