1) Please answer each of the following questions in detail and provide in-text citations in supportof your argument. Include examples whenever applicable.a. Explain the major financial ratios and financial cycles, debt ratio, debt to equity ratio,return on assets, return on equity, current ratio, quick ratio, inventory turnover, days ininventory, accounts receivable turnover, accounts receivable cycle in days, accountspayable turnover, accounts payable cycle in days, earnings per share (EPS), price toearnings ratio (P/E), and cash conversion cycle (CCC) and state the significance ofeach for financial management. Include examples based on a hypothetical balancesheet and income statement.b. Can CCC be negative? If so, what does it indicate?c. Explain working capital and its significance. Evaluate working capital in your examplegiven in part “a” of this DQ2.2) Search Yahoo Finance or/and any other credible source(s) to find the most recent income2)statement and balance sheet of a major corporation.? Provide these statements in the appropriate format (financial statement)? Perform a vertical financial analysis incorporatingi. Debt ratioii. Debt to equity ratioiii. Return on assetsiv. Return on equityv. Current ratiovi. Quick ratiovii. Inventory turnoverviii. Days in inventoryix. Accounts receivable turnoverx. Accounts receivable cycle in daysxi. Accounts payable turnoverxii. Accounts payable cycle in daysxiii. Earnings per share (EPS)xiv. Price to earnings ratio (P/E)xv. Cash conversion cycle (CCC), andxvi. Working capitalxvii. Explain Dupont identity, apply it to your selected company, interpret thecomponents in Dupont identity.Provide your explanations and definitions in detail and be precise. Comment on your findings.Provide references for content when necessary. Provide your work in detail and explain in yourown words. Support your statements with peer-reviewed in-text citation(s) and reference(s). AllPA and CLA submissions require at least six (6) peer-reviewed references, which shouldinclude the source of the data.