1. Demonstrate knowledge of common size ratios to address the following questions (you must use the same form of analysis for each of the questions a-d):(a)give a specific example of when it would be useful (b)explain what can be learned from this type of analysis (c)explain some potential problems with this form of analysis(d) give a specific example of when this type of analysis would not be appropriate and explain which type would be more appropriate and why.
Use Document CR info to answer the the first question.
2. Use the calculations in Table A (based on the calculation of current ratios for Smith City using Exhibit 13-1), explain what your analysis means for Smith Citys financial condition.
Use document CR info 2
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