4. Analyze the net fixed assets (PPE-Property, Plant, and Equipment)a company may not use the exact wording, but please find the related account and answer the following questions: a. Provide the percentage Property and Equipment, net as a percentage of total assets in the current year from the vertical analysis in Part two. What was the dollar change difference from the previous year for Property and equipment, net? Which financial statement did you look at to find Property and equipment, net? Discuss the two companies percentages and dollar change in PPE from last year. Property and Equipment, net as a percentage of total assets for current year. What was the dollar change difference from the previous year for Property and equipment, net? Also, provide if a decrease or increase Which financial statement did you look at to find Property and equipment, net? BBBY WSM Discuss the two companies percentages and dollar change in PPE from last year. b. Using the notes to the financial statements, answer the following questions for each company and provide the page number of your reference. What exactly are included in the companies property and equipment as listed in the notes to the financial statements? What depreciation method are they using for financial reporting? c. Are any long-lived assets impaired per the notes to the financial statements for each of the companies? Provide how each company determines impairment of long-lived asset per their notes. Is the impairment charge significant? Provide the page number of the note you are using as a reference. d. Did the company buy any fixed assets or capital expenditures during the year using cash? Provide the name of the financial statement you used to determine if the company bought fixed assets for cash, provide the amount purchased in current year, and the section of the financial statement you found this information in along with the label used to show that cash was paid for fixed assets? Companies use different labels when they are purchasing fixed assets, so make sure you do not overlook this cash purchase, which might be worded differently. e. Compute the PPE turnover (Sales/Average PPE Assets, net) for the current and past year for both companies? Show your calculations and show two decimal points. Please review pages 6-25 and 6-26. Companies might use different account titles, so you need to be review and make sure you pick the like-kind account. You can find this information on the current 10-K except for the following information for 2020 Net Property and Equipment for BBBY $1,430,604 thousands and WSM $929,038 thousands. You need to show your calculation to earn credit. Comment on your results. I am looking for more than a one-sentence comment that I can see from the numbers given. Show your calculations and show 2 decimal points. Current Past BBBY WSM Comments: