Below are the financial information of NewDay Corp. Annual Income Statements (Values in Millions) Annual Balance Sheet (Values in Millions) 1. Create a Multi-step income statement showing the gross profit, EBIT, EBT, and Net Income for years 2019 and 2020.

2. Common-size income statement for both years, and solve for the percentage change from 2019 to 2020

3. Create a comparative balance sheet for years 2019 and 2020, categorizing based on current and non-current assets, current and non-current liabilities, and equity.

4. Common-size balance sheet for both years, and solve for the percentage change from 2019 to 2020.

5. Write a short analysis about the companies performance for 2020 against 2019. (Note: You can compute for ratios you think will support your analysis.)

Below are the financial information of New Day Corp. Annual Income Statements (Values in Millions) For the year ended December 31, 2019 December 31, 2018 Sales Cost of goods sold Selling, general, and administrative expenses Other tax expense Depreciation and amortization Other income (add to EBIT to arrive at EBT) Interest expense Income tax rate (average) Dividends paid per share Basic EPS from total operations 178,909 109,701 12,356 33,572 12,103 3,147 398 187,510 111,631 12,900 33,377 7,944 3,323 293 35.3296 $1.13 $1.34 37.9596 $0.91 $2.25 Annual Balance Sheet (Values in Millions) December 31, 2019 Cash 7,229 Receivables 21,163 Inventories 8,068 Other current assets 1,831 Property, plant, and equipment, gross 204,960 Accumulated depreciation and depletion 110,020 Other noncurrent assets 19,413 Accounts payable 13,792 Short-term debt payable 4,093 Other current liabilities 15,290 Long-term debt payable 6,655 Deferred income taxes 16,484 Other noncurrent liabilities 21,733 Retained earnings 74,597 Total common shares outstanding 6.7 billion December 31, 2018 6,547 19,549 7,904 1,681 187,519 97,917 17,891 22,862 3,703 3,549 7,099 16,359 16,441 73,161 6.8 billion Requirements 1. Create a multi-step Income statement showing the gross profit, EBIT, EBT and Net Income for years 2019 and 2020. 2. Common-size income statement for both years, and solve for the percentage change from 2019 to 2020. 3. Create a comparative balance sheet for years 2019 and 2020, categorizing based on current and non-current assets, current and non-current liabilities, and equity. 4. Common-size balance sheet for both years, and solve for the percentage change from 2019 to 2020. 5. Write a short analysis about the companies performance for 2020 against 2019. (Note: You can compute for ratios you think will support your analysis.)