Question: You have the information in the years mentioned below, considering that the base year is 2017: Finical position statement Base year 2017 2017 2018 2019

You have the information in the years mentioned below, considering that the base year is 2017:

Finical position statement

Base year

2017

2017

2018

2019

1

Total Current Assets

5,477,234

100%

5,239,285

3,834,257

2

Total Fixed Assets

1,322,748

100%

1,522,588

1,541,650

7,403,991

100%

7,378,657

6,014,113

3

Total Current Liabilities

2,498,582

100%

3,204,935

2,730,056

4

Long Term Loans& Notes Payable

0

0

0

0

5

Total Shareholders Equity

4,905,409

100%

4,173,722

3,284,057

7,403,991

100%

7,378,657

6,014,113

Income statement

Base year

2017

2017

2018

2019

6

Operating Revenues

1,765,299

100%

1,859,214

1,279,434

7

Operating Expenses

1,620,363

100%

2,067,202

1,853,788

8

Gross Profit

144,936

100%

-207,988

-574,354

9

Net Operating Income

-36,369

100%

-573,944

-802,761

10

Net Income Before Tax

-69,481

100%

-731,687

-889,665

11

Net Income

-69,481

100%

-731,687

-889,665

Required:

1- Analyze the above elements using horizontal analysis for each component from 1 to 11.

2- Comment on the menu items (11) according to changing events briefly.

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