Ryan Company furnished the condensed data shown in Exhibit. 1. Prepare a trend analysis for Ryans income

Ryan Company furnished the condensed data shown in Exhibit.

1. Prepare a trend analysis for Ryan’s income statements and balance sheets that compares 20X3 with 20X2. Your analysis should show both the dollar amount and the percentage change between 20X2 and 20X3.
2. Prepare common-size income statements for 20X2 and 20X3 and common-size balance sheets for December 31, 20X3, and December 31, 20X2, for Ryan Company.
3. Comment on Ryan Company’s financial performance and position for 20X3 compared with20X2.

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December 31 Cash Accounts receivable Merchandise inventory Prepaid expenses Land Building Equipment Total assets 20X3 30 90 80 10 30 70 60 20X2 20X1 $ 25 20 50 60 10 30 80 40 $370 $330 $290 70 70 10 75 50 $50 40 30 10 Accounts payable Taxes payable Accrued expenses payable Long term debt Paid-in capital Retained earnings Total liabilities and stockholders' equity 45 150 50 $370 330 $290 20 15 45 150 90 15 10 45 150 70 Year Ended December 31 Sales (all on credit) Cost of goods sold Operating expenses Pretax income Income taxes Net income 20X3 $800 435 305 60 20X2 $750 410 295 45 15 30 40