1. Perform a percent change analysis for both years 2018 and 2019. What does this tell you about the change in profitability and asset utilization?

Percent Change Balance Sheets

Assets

Cash and cash equivalents

Short-term investments

Accounts Receivable

Inventories

Total current assets

Net fixed assets

Total assets

Liabilities and equity

Accounts payable

Accruals

Notes pavable

Total current liabilities

Long-term debt

Total liabilities

Common stock

Retained Earnings

Total common equity

Total liabilities and equity

Percent change Income Statements

Sales

COGS excent excluding deon and amort.

Depreciation and Amortization

Other operatind expenses

EBIT

Interest Expense

EST

Taxes (25%)

Net Income

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Joshua \& White Technology: December 31 Balance Sheets (Thousands of Dollars) Joshua \& White Technology: Income Statements for Year Ending on December 31 (Thousands of Dollars)