1. Are any vendors used that are not approved Using the financial Information in the following tables, compute the required ratios list on the ratio analysis vendors? If so, list the vendor names and the sheet and then complete the horizontal and vertical employees who used these vendors. What follow- analyses worksheets. up steps should be taken on these vendors? 2. Were any vendors unused by the purchasing department? What does this fact tell us about these vendors? ABC COMPANY BALANCE SHEET AS OF DECEMBER 11, 2018 ASSETS 2016 Current assets Cash 8501,992 $434.215 $175.141 Accounts receivable 335,272 302 514 241,764 Linventory 515.174 503 321 Prepaid expenses 251.974 231. 100 136.385 Total current assets 3:4:04.112 $1,472.150 $1,064,178 Property, plant, and equipment 765,215 735 531 05 132 Accumulated depreciation (218.284) 1 196 513) (175 00) TOTAL ASSETS 82.151,241 5201 839 51.391910 LIABILITIES Curren. Hiapodi bes Accounts payable 5245,194 5122.136 Accrued iabilities 124.194 Income lives payable 10,645 23,698 22 3 19 Current portion of long-termded 12,201 17 280 12 210 Total current Lab lines -25.531 $651 245 5602 179 375.100 TOTAL LIABILITIES 8 18.8-12 5977 275 STOCKHOLDERS EQUITY 21.910 additional paid in capital 173 850 Related earnings 5, 302, 101 191 of 682