Hello, good day. I ask, what is the answer here? Because I don't understand the lesson and I'm having a hard time answering that, please help me, and when you've responded to it, please put in an explanation step by step on how it was answered so that when I'm asked in recitation about those unpredictable questions, there is possible that I can answer, thank you.

QUESTION 1

YVONE Trading presents the following comparative data: 2018 2017 Net sales 3,056,250 3,000,000 Cost of sales 1,833,750 2,100,000 Gross profit 1,222,500 900,000 Operating expenses 300,000 337,500 Income before interest 922,500 562,500 Interest expense 112,500 112,500 Income before tax 810,000 450,000 Income tax - 30% 243,000 135,000 Income after tax 567.000 315.000 Required: Perform the following: 1. Prepare a horizontal analysis. 2. Evaluate the profitability of the company.JENNY Merchandising provided the following accounts on December 31, 2018: Long-term investment in bonds 1,125,000 Held for trading securities 675,000 Bank loan payable 3,000,000 Cash in bank 1,350,000 Land held for speculation 225.000 Prepaid advertising 52.500 Jenny, Capital 5,087,500 Accounts receivable - trade 1,575,000 Inventories 600,000 Office supplies 37,500 Notes receivable - trade 750,000 Accounts payable - trade 900,000 Petty cash fund 22,500 Property, plant, and equipment 3,750,000 Accrued expenses 262,500 Allowance for doubtful accounts 187,500 Accumulated depreciation 1,125,000 Jenny, Drawing 250,000 Advances to employees 150,000 Required: Prepare the statement of financial position as of December 31, 2018 with supporting schedule. After creating the statement of financial position prepare a common- size for JENNY Merchandising