Select a United States based public (shares are listed on a major stock exchange) company. Locate the company's income statement and balance sheet for the past two years.

Requirements

1. For each year determine/calculate the following:
* Net income
* Net income before taxes
* Income tax rate
* Earnings per share
* Gross profit margin
* Net profit margin
* Operating income
* Non-operating income
* Total assets
* Current assets
* Total liabilities
* Current liabilities
* Current ratio
* Debt to total assets ratio
* Book value (owners equity)
2. Prepare a comparative financial statement analysis (horizontal analysis) for each of the 15 categories/financial measures.
3. Prepare a spreadsheet that shows all of the data, calculations, and analyses.
4. For each of the categories/financial measures that show a difference between the two years, determine what factors could have caused the differences.