What has happened to the Burlington Company efficiency ratios between 2009 and 2010?

Complete the Common Size Financial Statements for 2010 and 2009. Select financial statement items you believe show a significant increase or decrease between the two years and offer suggestions about why that variance may have occurred. (You may complete your explanation on Sheet 2 of the Excel file).Compute all ratios in the right columns of the spreadsheet and answer the following questions on Sheet 2 of the Excel file:Based on the liquidity ratios, how would you describe Burlington Company’s short-term cash situation?What has happened to the Burlington Company efficiency ratios between 2009 and 2010? What does that tell you about the company’s inventory levels? About the company’s efficient use of assets?Have the company’s profitability ratios improved? What may have caused this?The calculations in the Excel file have correct answers. However, you will be graded based on your understanding of the ratios, not necessarily on the “correct” answer. Ensure that your explanations on Sheet 2 are thorough.below I have attached the template.. I am assuming you can use word document to answer the questions.