$$

f$.$ Perform a percent change analysis.$$ What does this tell you about the change in profitability

$$ and asset utilization?

Percent Change Balance Sheets

Base

Assets

$2019$

$2018$

Cash and cash equivalents

Short$-$term investments

Accounts Receivable

Inventories

$$ Total current assets

$$ Net fixed assets

Total assets

Base

Liabilities and equity

$2019$

$2018$

Accounts payable

Accruals

Notes payable

$$ Total current liabilities

Long$-$term debt

$$ Total liabilities

Common stock

Retained Earnings

$$ Total common equity

Total liabilities and equity

Base

Percent Change Income Statements

$2019$

$2018$

Sales

COGS except excluding depr. and amort.

Depreciation and Amortization

Other operating expenses

$$ EBIT

Interest Expense

$$ EBT

Taxes $(25\%)$

$$ Net Income