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Attached are the comparative balance sheets for Verdi Company at December 31,20xi and 20x0 as well as the income statement for the year ended December
Attached are the comparative balance sheets for Verdi Company at December 31,20xi and 20x0 as well as the income statement for the year ended December 31, 20xi. REQUIRED: (1) Prepare a horizontal analysis for the balance sheet from 20x0 to 20x1. Round all percentages to two decimal places (four places for those answers left in decimal (2) Prepare a vertical analysis for the income statement. Round all percentages to two decimal places (four places for those answers left in decimal form). (3) Compute the following financial ratios for the company for 20X1. Round all percentages to two decimal places (four places for those answers left in decimal form) and all other answers to two decimal places. (a) Return on average total assets (b) Return on sales (c) Return on average common stockholders' equity. (d) Current ratio. (e) Quick ratio. (f Accounts receivable turnover. (g) Inventory turnover. (h) Debt to equity ratio
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