The following condensed information is available for Yellow Media Inc., Canada's largest Internet media and analysis marketing company:

Instructions
(a) Prepare a vertical analysis of the statement of financial position and income statement for each year.
(b) Identify the key components in Yellow Media's statement of financial position and income statement that a reprimarily responsible for the change in the company's financial position and performance over the three-year period.
(c) How has Yellow Media primarily financed its assets-through debt or equity-over the last three years?

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YELLOW MEDIA INC. Statement of Financial Position December 31 (in thousands) 2010 2009 2008 Assets Current assets Fixed assets Intangible assets Goodwill Other assets Total assets s 443,370 112,445 2,123,776 6,508,984 417,662 95,425 2,008,499 6,342,580 77,440 470,900 104,642 2,102,466 6,648,667 39,544 ,606S9,366,219 111,673 $9,300,248 $8,941 Liabilities and Shareholders' Equit Liabilities Current liabilities Non-current liabilities Total liabilities Shareholders' equity Total liabilities and shareholders' equity $ 478,562 2,871,617 3,350,179 5,950,069 9,300,248 S 385,52:5 2,534,434 2,919,959 6,021,647 $8,941,606 376,164 2,930,947 3,307,111 6,059,108 $9,366,219 YELLOW MEDIA INC Income Statement Year Ended December 31 (in thousands) 2010 2009 2008 $1,679,860 $1,639,884 1,244,176 Revenues Operating expenses Profit from operations Other revenues and gains Other expenses and losses Profit before income tax Income tax expense Profit $1,696,713 986,297 710,416 1,164,104 515,756 (4,712) 185,906 395,708 144,116 251,592 42,710 S 208,882 170,525 539,891 30,664 S 509,227 334,562 60,527 $274035 208.82 509227 $ 274,035