B. Vertical analysis 1. Using the following operating data for Complex Corporation, prepare a schedule showing a vertical analysis for 2021. PRESENT THE SOLUTION using the form provided. 2021 2020 Net sales $360,000 $320,000 Cost of goods sold 210,000 180,000 Operating expenses 112,000 100,000 Net income 38,000 40,0001 SOLUTION: Amount Percent Net Sales 360,000 100% Cost of goods sold 210,000 58.3% Operating Expenses 112,000 31.1% come 38,000 10.6% C. Ratio Analysis 1. Selected data for Irma's Store appear below. 2020 2019 Net sales $800,000 $520,000 Cost of goods sold 600,000 345,000 Inventory at end of year 65,000 85,000 Accounts receivable at end of year 140,000 110,000 Instructions: Compute the following for 2020: SHOW COMPUTATIONS IN GOOD FORM (a) Gross profit rate. (b) (c) Inventory turnover. (c) Accounts receivable turnover.5 2. Selected financial statement data for Homer Company are presented below. Net sales $1,500,000 Cost of goods sold 700,000 Interest expense 10,000 Net income 205,000 Total assets (ending) $900,000 Total common stockholders' equity (ending)_ $600,000 Total assets at the beginning of the year were $800,000; total common stockholders' equity was $500,000 at the beginning of the period. Instructions: Compute each of the following: SHOW COPUTATIONS IN GOOD FORM (a) Asset turnover (b) Profit margin (c) Return on assets ate