ACC14343 Section 2: problem-solving questions (40 points) Name: All responses should be clearly printed on the space below each question with supporting computations if appropriate Toledo Toy, a manufacturer of infants' blocks, presented the following data in its last annual report. This trend analysis begins with the year of formation, 2009 (10 points) Sales Cost of Sales Net Income Cases of Blocks Shipped 2012 $61,000 $41,300 $ 9,919 33, 126 2011 $41,000 $28,175 $ 6,412 22,681 2010 $25,000 $17,201 $ 3,850 13,900 2009 $13,000 $ 9,000 $ 2,000 7,400 Required: a. b. Using 2009 as the base year, perform a horizontal, common-size analysis. Comment on the results of the horizontal analysis