3. On December 31, 2022. Madison Company had the following balarices in selected asset accounta: a. Conduct a horizontai and vortical analysis on each of the assets using the template provided. To conduct the industry horizontal inalysis, compare Madison current year to industrv nument veat. b. Discuss the differences in Madison's cument year inventory balance to priar year and industry inventory balancen. What is one reason for the differenoes in inwentory balance? c. Calculase Madison's current reteo for thes year, the previous year, and industry assuminit current liabilites lotal $1,000,$1,500, and $2,500, respectively. Fow does Madison's ilquidity posivon appear? 6. Below, you will find the balance sheet data for High Couture, Inc. for Years 2 and 1 : a. Compute the following ratios for High Couture for Year 2 1. Return on total assets 2. Return on equity 3. Earnings per share 4. Price-earnings ratio 5. Dividend yield ratio 6. Times-interest earned 7. Debt ratio 8. Current ratio 9. Quick ratio 10 Inventory turnover 11. Accounts recelvable turnover