1. Complete the Horizontal Analyses and the Vertical Analyses for the Income Statement and Balance Sheet.

2. Complete the liquidity, solvency, and profitability ratios as given for 2016 and 2017. For the Return on Assets ratio for 2016 use the Total Assets amount from the Balance Sheet instead of calculating Average Assets. However, for 2017, you should calculate Average Assets for 2016 and 2017 in return on Assets ratio.

Horizontal Analysis erialAnalysis Masonry Sales and Supplies Comparative Income Statement For the Years Ended December 31, 2017 and December 31, 2016 Masonry Sales and Supplies Income Statement For the Years Ended December 31, 2017 and December 31, 2016 Dollar change Percent Dec 2017 Dec 2016 Dec. 2017 Dec. 2016 YE 2017 YE 2016 change Dollar Amt ar Amt Percentage Percentage Sales Revenue: Sales Revenue: Merchandise Sals 185,400.00 169,500.00 4,500.00 180,000.00 165,000.00 110,000.00 100,000.00 70,000.00 65,000.00 Merchandise Sals 185,400.00 169,500.00 4,500.00 180,000.00 165,000.00 110,000.00 100,000.00 70,000.00 65,000.00 100% Less: Sal 5,400.00 R&A Less: Sales R&A 5,400.00 Net Sale Net Sales Cost of Goods Sold Gross Proft Operating Expenses: Cost of Goods Sold Gross Profit Operat ing Expenses: W ages Expense Rent Expense Advertising Experse Supplies Experse Depreciation Expense Utilities Expense Telephone Expense 26,400.00 12,000.00 4.200.00 1,510.00 70.00 6,560.00 210000800.- 9,000.00 8800.00 1,100.00 1,100.00 6.900.00 Wages Expense Rent Experse Advertising Expense Supplies Expense Depreciation Expense Utilities Expense Telephone Expense 26,400.00 12,000.00 4.200.00 1,510.00 70.00 6,560.00 210000800.- 9,000.00 8800.00 1,100.00 1,100.00 6.900.00 Total Operating Expenses Income from Operations Other Expense: 1860.00 57,300.00 53,400.00 12,700.00 11,600.00 Total Operating Expenses Income from Operations Other Expense: 1860.00 57300.00 53400.00 12,700.00 11600.00 Interest Expense 2.700.00 2,600.00 Interest Expense 2.700.00 2,600.00 Net Income $ 10,000.00 9,000.00 Net Income $ 10,000.00 9,000.00