Prepare a horizontal and vertical analysis for Microsoft provided the given sources.

*Cost of Sales is the same as Cost of Goods Sold (COGS)

*Calculate gross profit. (Net sales minus COGS)

*Income tax expense is the same as provision for income taxes.

The source is a bit long, but you can also view it on the Microsoft Website. Look up "Microsoft Annual Report"

8.) Prepare a horizontal analysis (see chapter 13 for an example) for the following items in the balance sheet using prior year as the base year. Total Current Assets Net Plant, Property and Equipment Total Assets Total Current Liabilities Long term Liabilities Total Liabilities Total Stockholders' Equity Increase (Decrease) Current Yr Prior Yr $ Amount Percent.