Chapter 15 Discussion Businesses are bought and sold on a daily basis. Knowing how to review and analyze financial data is essential to making good business decisions. Use a combination of horizontal and vertical analysis as well as liquidity and solvency measures to complete this discussion. Assume you work for MaxxRacer Manufacturing. The CEO is considering purchasing one of two companies. Based on the information below, which company would you recommend. Provide a detailed summary of how you analyzed the data and came up with your recommendation Company A Sales Cost of goods sold Gross proft Selling expenses Administrative expenses Total operating expenses Current Year $ 1,120,000.00 $ 971,250.00 $148,750.00 Previous Year $1,000,000.00 $ 875,000.00 $ 125,000.00 $62,500.00 $50,000.00 $ 112,500.00 71,250.00 $56,000.00 $127,250.00 Company B Current Year Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses $970,000.00 $734,000.00 $236,000.00 81,500.00 56,000.00 $137,500.00 Previous Year $1,000,000.00 $ 875,000.00 $ 125,000.00 $62,500.00 $50,000.00 $ 112,500.00