Question: Perform a 2019 vertical analysis and a 2018-2019 horizontal analysis of the income statements for Stubblefield's Bar & Grill, LLC provided below. What areas of

 Perform a 2019 vertical analysis and a 2018-2019 horizontal analysis of

Perform a 2019 vertical analysis and a 2018-2019 horizontal analysis of the income statements for Stubblefield's Bar & Grill, LLC provided below. What areas of concern, if any, do these analyses highlight. Explain your answer. Please submit an Excel file format attachment including your narrative response. Stubblefield's Bar & Grill Income Statement For Years Ended December 31, 2018, and December 31, 2019 2018 2019 Gross sales $2,083,496 $1,009,812 Less: Returns $18,240 $8,024 Net Sales $2,065,256 $1,001,788 Less: Cost of Revenues $625,049 $383,729 Gross Profits $1,440,207 $618,059 Less: Operating Expenses $562,544 $323,140 Operating Income $877,663 $294,920 Less: Interest $131,649 $35,390 Net Income $746,014 $259,529

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