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The purpose of this assignment is to help students gain a betterunderstanding of the financial statements used for corporate financialreporting and the key ratios used to make business decisions

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The purpose of this assignment is to help students gain a betterunderstanding of the financial statements used for corporate financialreporting and the key ratios used to make business decisions.Assignment StepsSelect a Fortune 500 Company from one of the following industries:• Pharmaceutical• Energy• Retail• Automotive• Computer HardwareReview the balance sheet and income statement in the company's2015 Annual Report.Calculate the following ratios using Microsoft® Excel®:• Current Ratio• Quick Ratio• Debt Equity Ratio• Inventory Turnover Ratio• Receivables Turnover Ratio• Total Assets Turnover Ratio• Profit Margin (Net Margin) Ratio• Return on Assets RatioAnalyze in 1,050 words why each ratio is important for financialdecision making.Submit your analysis as well as your calculations.Click the Assignment Files tab to submit your assignment.