Click here to download the selected financial statements for Micro Chip Computer Corporation. Answer questions 1 and 2 below based on the financial data.To receive full credit on this assignment please show all work including formulae and calculations used to arrive at the financial values. Students using Microsoft Excel must provide an adequate explanation of the methodology used to arrive at that answer.Assignment GuidelinesYour submitted assignment (120 points) must include the following:GradingYou will be graded on the accuracy of your financial calculations as well as your demonstrated understanding of financial statement analysis.Please submit your assignment.For assistance with your assignment please use your text Web resources and all course materials.Individual Project RubricGrading CriteriaPercentageDeliverable requirements addressed; understanding of material and writerâ€™s message and intent are clear.Calculation methods where required are contextually appropriate fully explained and presented in a manner that is easy to understand.External research incorporated in the paper if any supports the writerâ€™s position properly acknowledged and cited; direct quotations may not exceed 10% of the word count of the body of the assignment deliverable (excluded title page abstract or table of contents if used tables exhibits appendices and reference page(s).) Inclusion of plagiarized content will not be tolerated and may result in adverse academic consequences.Critical thinking: Position is well-justified; logical flow; examplesprovided where appropriate.Structure: Includes introduction and conclusion; proper paragraph format; reads as a polished academic paper or professional presentation as appropriate for the required assignment deliverable.Mechanical: No spelling grammatical or punctuation errors.APA: Deliverable is cited properly according to the APA Publication Manual (6th ed.).There is no additional information to display at this time.