1) Perform a horizontal analysis 2) Perform a vertical analysis 3) Explain what conclusions you can draw from each analysis Please use 2015 as the base year and compare 2015 to 2016. Here is the balance sheet: Annual Income Statement (values in 000's) Get Quarterly Data Period Ending: Trend 12/31/2018 12/31/2017 12/31/2016 12/31/2015 Current Assets Cash and Cash Equivalents $411,000 $611,000 $716,000 $356,000 Short-Term Investments $0 $0 $0 $0 Net Receivables $2,616,000 $2,621,000 $2,901,000 $2,711,000 Inventory $305,000 $289,000 $326,000 $309,000 Other Current Assets $1,304,000 $2,052,000 $1,314,000 $1,795,000 Total Current Assets $4,636,000 $5,573,000 $5,257,000 $5,171,000 Long-Term Assets Long-Term Investments $1,456,000 $1,543,000 $1,250,000 $1,175,000 Fixed Assets $6,993,000 $7,030,000 $8,053,000 $7,915,000 Goodwill $7,281,000 $7,018,000 $7,425,000 $6,970,000 Intangible Assets $1,731,000 $1,766,000 $1,845,000 $1,675,000 Other Assets $0 $0 $0 $0 Deferred Asset Charges $312,000 $455,000 $871,000 $776,000 Total Assets $22,409,000 $23,385,000 $24,701,000 $23,682,000 Current Liabilities Accounts Payable $2,285,000 $2,279,000 $2,411,000 $2,465,000 Short-Term Debt / Current Portion of Long-Term Debt $182,000 $146,000 $191,000 $127,000 Other Current Liabilities $1,390,000 $1,907,000 $1,432,000 $1,716,000 Total Current Liabilities $3,857,000 $4,332,000 $4,034,000 $4,308,000 Long-Term Debt $14,644,000 $14,791,000 $15,064,000 $14,383,000 Other Liabilities $1,765,000 $1,821,000 $1,849,000 $1,730,000 Deferred Liability Charges $36,000 $36,000 $279,000 $37,000 Misc. Stocks $1,420,000 $1,866,000 $2,393,000 $2,266,000 Minority Interest $806,000 $686,000 $665,000 $267,000 Total Liabilities $22,528,000 $23,532,000 $24,284,000 $22,991,000 Stock Holders Equity Common Stocks $7,000 $7,000 $7,000 $7,000 Capital Surplus $4,747,000 $4,859,000 $4,827,000 $4,815,000 Retained Earnings ($2,236,000) ($2,390,000) ($1,742,000) ($1,550,000) Treasury Stock ($2,414,000) ($2,419,000) ($2,417,000) ($2,417,000) Other Equity ($223,000) ($204,000) ($258,000) ($164,000) Total Equity ($119,000) ($147,000) $417,000 $691,000 Total Liabilities & Equity $22,409,000 $23,385,000 $24,701,000 $23,682,000

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