Calculate the financial ratios listed below for 2022, 2021, and 2020 financial statements. Provide both a horizontal and vertical analysis.

A. Liquidity and Efficiency

i. Current Ratio = Current Assets / Current Liabilities

ii. Total Assets Turnover = Net Sales / Average Total Assets (use the total assets for each year)

B. Solvency

i. Debt Ratio = Total Liabilities / Total Assets

ii. Equity Ratio = Total Equity / Total Assets

C. Profitability

i. Net Income / Net Sales

ii. Net Income / Average Total Assets

D. Market Prospects

i. Price Earnings Ratio = Market Price Per Common Share / Earnings Per Share (EPS) (Market Price: 62.08 USD)

E. Analyze the companys financial position and its ability to prosper going forward.

Income Statement:

Balance sheet:

Cash Flow: