3 of 5 (3 complete) Problem 18-1B (similar to) Selected financial information for Enzyme Limited for a six-year period follows: (Amounts in thousands) 2020 2019 2018 2017 2016 2015 Net sales $ 806 $ 909 $ 660 $ 709 $ 609 $ 595 Net income 107 94 68 77 67 54 Total assets 657 604 526 480 468 415 Required Requirement 1. Prepare a horizontal analysis to compare 2020 to 2019 (Round percentages to two decimal places, X.XX%.) Enzyme Limited-Trend Percentages 2020 2019 Amount Percent Net sales % Net income Total assets i Required X 016 609 1. Prepare a horizontal analysis to compare 2020 to 2019. Which accounts increased the most? 2. Compute the trend percentages for 2016 through 2020, using 2015 as the 67 base year. 468 3. From the above data, what can we infer about expenses from 2015 through 2020? (Hint Sales less net income will give amount of expenses. Compare the rate of growth in expenses to that of sales.) 4. Have total assets grown at the same rate as the growth in sales? ges til Print Done 3 of 5 (3 complete) Problem 18-1B (similar to) Selected financial information for Enzyme Limited for a six-year period follows: (Amounts in thousands) 2020 2019 2018 2017 2016 2015 Net sales $ 806 $ 909 $ 660 $ 709 $ 609 $ 595 Net income 107 94 68 77 67 54 Total assets 657 604 526 480 468 415 Required Requirement 1. Prepare a horizontal analysis to compare 2020 to 2019 (Round percentages to two decimal places, X.XX%.) Enzyme Limited-Trend Percentages 2020 2019 Amount Percent Net sales % Net income Total assets i Required X 016 609 1. Prepare a horizontal analysis to compare 2020 to 2019. Which accounts increased the most? 2. Compute the trend percentages for 2016 through 2020, using 2015 as the 67 base year. 468 3. From the above data, what can we infer about expenses from 2015 through 2020? (Hint Sales less net income will give amount of expenses. Compare the rate of growth in expenses to that of sales.) 4. Have total assets grown at the same rate as the growth in sales? ges til Print Done