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Answer the 2 question in the images TREND PERCENTAGES Spooky Company's sales, current assets and current liabilities have been reported as follows over the last

Answer the 2 question in the images

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TREND PERCENTAGES Spooky Company's sales, current assets and current liabilities have been reported as follows over the last five years. (Year 5 is the most recent year): Year 5 Year 4 Year 3 Year 2 Year 1 Sales 5.625,000 5.400,000 4.950,000 4.725,000 4,500,000 Current assets: Cash 64,000 72,000 84,000 88,000 80,000 Accounts receivable 560.000 496.000 432.000 416.000 400.000 Inventory 896,000 880,000 816,000 864.000 800.000 Total 1,520,000 1,448,000 1,332,000 1,368,000 1,280,000 Current liabilitys 390,000 318,000 324,000 330,000 300.000 Requirements: a. Express all the assets, liability, and sales data in trend percentages. Use year 1 as the base year, and carry computations to one decimal place. b. Comment on the results of your analysis.AaBbCcDc AaBbCcDc AaBbC AaBbcc Aab AaBb La aby A Normal 1 No Spaci... Heading 1 Heading 2 Title Subti Paragraph Styles COMPARATIVE STATEMENTS XYZ COMPANY BALANCE SHEET As of December 31 2017 2018 Assets Cash and equivalents 14,000 16,000 Receivables 28,800 55,600 Inventories 54,000 85,600 Prepayments 4,800 7,400 Total current assets 101,600 164,600 Property, plant, and equipment (net) 30,200 73,400 Total assets 131,800 238,000 Liabilities and Equity Notes payable 10,000 54,000 Accounts payable 31,600 55,400 Accrued liabilities 4,200 6,800 Income tax payable 5,800 7,000 Total current liabilities 51,600 123,200 Share capital 44,600 44,600 Retained earnings 35,600 70,200 Total equity 80,200 114,800 Total liabilities and equity 131,800 238,000XYZ COMPANY INCOME STATEMENT Years ended December 31 2017 2018 Net sales 266,400 424,000 Cost of goods sold 191,400 314,600 Gross profit 75,000 109,400 Selling and general expenses 35,500 58,400 Income before income taxes 39,500 51,000 Income taxes 12,300 16,400 Net income 27,200 34,600 Required: a. Compute the missing changes in peso amounts and percentages in the above statements. b. Evaluate the company's short-term financial position, leverage, managerial efficiency and profitability using increase-decrease method of analysis

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