Question: Instructions for Task #1 1. Starting with a base year (2019), convert the change in dollar amount on the income statement and balance sheet into




Instructions for Task \#1 1. Starting with a base year (2019), convert the change in dollar amount on the income statement and balance sheet into a percent change for each year (the percent change from 2019 to 2020; and the percent change from 2020 to 2021). 2. Compare each percent change over time (years in this case), and observe the trends to determine whether the trends of each income statement and balance sheet item is improving or getting worse. In other words, evaluate what is happening from year to year and whether the changes are positive or negative. Your Company's 3 Years of Income Statements Comparison Year 2021** means we are comparing the percent change from 2020 to 2021. Your Company's 3 Years of Balance Sheets As of December 31 of each Year Liabilities and Owners' Equity Current Liabilities Comparison Year 2020* means we are comparing the percent change from 2019 to 2020. Comparison Year 2021 means we are comparing the percent change from 2020 to 2021
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