Assignment: Ratio and Trend Analysis (need to change) Purpose: This assignments will assess knowledge of ratio categories, and horizontal and vertical trend analysis, and purposes. The assignment is related to CLO6: Analyze financial statements to evaluate operations and performance. Requirement: After reading all resources, viewing the videos, and utilizing terms and formula tables, answer the following questions in your own words, using complete sentence structure and grammar. Please use citations if applicable The attached rubric displays grading criteria. For this specific assignment, assignment must be processed individually. It is not a group assignment. Part I: 1. Define and describe ratio analysis. 2. Explain how the liquidity, profitability, leverage, and market ratios are used to analyze and compare financial statements. Part II: 1. Define and describe trend analysis. 2. Define and describe horizontal and vertical trend analysis. 3. Explain how horizontal and vertical trend analysis are used to analyze financial statements