L M 3. Current Ratio Horizontal Analysis 2018 Difference 2019 Assets 4. Inventory Turnover Cash 5. Accounts Receivable Turnover Accounts Receivable Inventory Equipment Accum Deprec- Equipment Total Assets 38,000 30,000 27.000 60,000 (29,000) 126,000 20,000 14,000 20,000 78,000 (24,000) 108,000 6. Profit Margin Liabilities & Stockholders Equity Accounts Payable Income Tax Payable Bonds Payable Common Stock Retained Eamings Total Liabilities & SH Equity 24,000 7,000 27,000 18,000 50,000 126,000 15,000 8,000 33,000 14,000 38,000 108,000 $ 1. Do a Horizontal analysis for above Balance Sheet Company A Income Statement Year 2019 Vertical Anal 2018 Vertical Analysis Sales Revenue Cost of goods Sold Gross Profit 242,000 175,000 67,000 210,000 160,000 50,000 Operating Expenses Income From Operations 24,000 43,000 20,000 30,000 Interest Expense Net Income Before Tax 3,000 40,000 2,000 28,000 Income Tax Expense Net Income 8,000 32,000 8,000 20,000 $ 2. Do a vertical analysis for 2018 and 2019 above