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Option #2: Happy Hamburger CompanyUsing the financial statements for Happy Hamburger Company below:1.Calculate the indicated ratios for Happy Hamburger.2.Discuss Happy Hamburgerâs strengths and weaknesses as revealed by your analysis.3.Suppose Happy Hamburger doubles its sales as well as its inventories, accounts receivable, and common equity during the year. How would that information affect the validity of your ratio analysis?Happy Hamburger CompanyIncome Statement for the year ending December 31, 20XXSales Cost of goods sold Selling, general and administrative expenses Earnings before interest and taxes (EBIT) Interest expense Earnings before taxes (EBT) Federal and state income taxes (40%) Net Income Hap
