Case: Financial Statement Analysis The following information are given for ABC Corporation and XYZ Company for the month of January 2020: ABC Corp. XYZ Co. Sales 1,500,000 300,000 900,000 600,000 Less - Cost of Sales Gross Profit on Sales Less - Operating Exp. Net Income 150,000 150,000 90,000 375,000 225,000 60,000 Analyze the performance of the two firms using: Vertical and Horizontal Analysis Financial Ratio Analysis