Using the financial information in the following tables, compute the required ratios list on the ratio analysis sheet and then complete the horizontal and vertical analyses worksheets.

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ABC COMPANY BALANCE SHEET AS OF DECEMBER 31, 2018 ASSETS 2018 2017 2016 Current assets Cash $501,992 $434,215 $375,141 Accounts receivable 335,272 302,514 241,764 Inventory 515,174 505,321 310,885 Prepaid expenses 251,874 231,100 136,388 Total current assets $1,604,312 $1,473,150 $1,064,178 Property, plant, and equipment 765,215 735,531 705,132 Accumulated depreciation (218,284) (196,842) (175,400) TOTAL ASSETS $2,151,243 $2,011,839 $1,593,910 ЦАВLITIES Current liabilities Accounts payable $248,494 $366,864 $322,156 Accrued liabilities 122,192 216,533 215,474 Income taxes payable 10,645 25,698 22,349 Current portion of long-term debt 42,200 42,200 42,200 Total current liabilities $423,531 $651,295 $602,179 Long-term liabilities Long-term debt 425,311 400,311 375,100 TOTAL LIABILITIES $848,842 $1,051,606 $977,279 STOCKHOLDERS' EQUITY Common stock $370,124 $356,758 $320,841 Additional paid-in capital 29,546 24,881 21,910 Retained earnings 902,731 578,594 273,880 Total stockholders' equity $1,302,401 $960,233 $616,631 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $2,151,243 $2,011,839 $1,593,910