1.Trend Analysis: explain a variance (horizontal) analysis for the three most current years for each of thefinancial statements listed below. Provide an explanation for significant variances in thefinancial statement line items. Do not select totals / subtotals eg. total assets, total liabilities,net income, etc). For each statement, a minimum of 2-3 line items should be supported by anexplanation, but not less than 5 in total.

A. Balance Sheet B. Income Statement

3. Ratio Analysis: explainan intercompany ratio analysis to compare against a relevant competitor in theindustry to evaluate the three classifications below. Provide an interpretation where ratios aresignificantly different than their competitor. A minimum of one ratio from each categoryrequire interpretation. (Show your work!)

A. Liquidity B. Solvency C. Profitability

4. Conclusion:

• • • Based on your analysis provide a summary of the company's financial position andperformance.
    • Make a recommendation to your client as to whether they should invest in thecompany based on the company's solvency, liquidity, and profitability.

5. Include a copy or screen shots of the company financial statements with your analysis.