Question: On the same spreadsheet, perform a horizontal analysis and a use-source analysis of the balance sheet for the period ending December 31, 2017, by comparing

On the same spreadsheet, perform a horizontal analysis and a use-source analysis of the balance sheet for the period ending December 31, 2017, by comparing the ending balance to the beginning balance for this fiscal period. Then, answer the following questions.

a. How did the company use its capital? (Show percentages for current assets, noncurrent assets, current liabilities, noncurrent liabilities, and net worth.)

b. What was the source of capital? (Show percentages as above.)

c. What was the impact on financial strength as indicated by the change in working capital?

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