Comparative Financial Statements

Prepare a horizontal analysis for both Income Statement and Balance Sheet. (4 marks) (insert your answer here) Interpret any three of the Income Statement items and Balance Sheet items: (3 marks) 1) Sales 5) Current Assets 2) Cost of Goods Sold 6) Non- Current Assets 3) Gross Profit 7) Current Liabilities 4) Net profit after tax 8) Equity/Capital (write analysis here)