Instructions
Analyze the following:

Exercise 1 from Chapter 20 on pages 367 and 368 of the textbook.
Exercise 1 from Chapter 22 on page 403 of the textbook.
The detailed solutions for the exercises above are in the Excel file attached. You will be analyzing each exercise in 300-350 words. Your part in completing the assignment is to demonstrate an understanding and application of the concepts covered. For example, assess the purpose of the calculations and results. How does it help the company’s financial strategy? What changes could be made? Discuss anything else pertinent to the exercise. Integrate 2-3 external references (in addition to the book) to support your thoughts. Format your paper according to APA 7.0. Organize body of paper with level headings. Use template attached for APA guidance.