Question: Hello! I need some help with this question below. I would really appreciate if you can solve it. Thank you very much! Comparative financial statement

Hello! I need some help with this question below. I would really appreciate if you can solve it. Thank you very much!

Hello! I need some help with this question below. I would really

Comparative financial statement data of Autotrade, Inc. follow: Autrotrade, Inc. Comparative Balance Sheet, December 31, 2019 and 2018 2019 2018 Current Assets: Cash $102,000 $101,000 Accounts Receivable, Net 107,000 110,000 Inventory 184,000 156,000 Prepaid Expenses 31,000 25,000 Total Current Assets $424,000 $392,000 Property, Plant, and Equipment, Net 201,000 187,000 Total Assets $625,000 $579,000 Total Current Liabilities 258,000 248,000 Long-Term Liabilities 127,000 101,000 Total Liabilities $385,000 $349,000 Preferred Stockholders' Equity, 9%, $100 Par 100,000 100,000 Common Stockholders' Equity, No Par 140,000 130,000 Total Liabilities and Stockholders' Equity $625,000 $579,000 Requirements: 1. Prepare horizontal analysis of the balance sheet for the two years. 2. Argument whether the company liquidity and solvency improved or deteriorated during 2019 and why

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