As you move into your career, you will have a 401K and investments that requires knowledge of investing and analyzing financial statements. For this assignment, you will analyze two competitor companies; Company P and Company K using the tools learned in Week 11 module. Instructions: Following the requirements below, please complete a report showing your findings. The report must be completed in Word or Excel. Handwritten copies will not be accepted! Requirements: 1. For Company P and Company K please complete the following: a. Perform Horizontal Analysis for each line item on Company P and Company K Income Statement. 30 points b. Perform Vertical Analysis for 2020 Income Statement for Company P and Company K. It is not necessary to complete Vertical Analysis for 2019. 20 points c. After completing requirements (a) and (b) please answer the following questions. 15 points i. Which company had the higher increase in total revenue from 2019 to 2020? ii. Which company had the higher increase in net income from 2019 to 2020? points. iii. Cost of Revenue (COGS) is what percentage of total revenue for Company K? iv. Cost of Revenue (COGS) is what percentage of total revenue for Company P? 2. Ratios. The following Ratios MUST BE CALCULATED for Company P and Company K for the year 2020. Please show the formula. a. Current Ratio. 10 points b. Inventory Turn-over. 10 points c. Gross Profit Percentage. 10 points d. After completing requirement a, b and c (above) please answer the following questions. i. Based on the Ratios for each company 1. Which company had the higher Gross Profit Percentage? 5 points. 2. How many days does Company P sell through their inventory? 5 points. 3. How many days does Company K sell through their inventory? 5 points. 4. Based on the answers in questions 2 and 3, which company is selling through their inventory quicker? 5 points. ii. Which company has the "best" current ratio? (Please refer to your notes) 5 points.