Comm 204 - Financial Accounting Assignments Chapters 10 & 11 Question 4 Junk Incorporated reports the following set of financial statements for 2018 and 2019. Required - Using the following information, perform a vertical analysis for the income statement and balance sheet for 2018 and 2019: Link Incorporated Income Statement For the Year Ended December 31, 2019 2019 2018 $ 634000 Sales Revenue Cost of goods sold Gross Margin 5 595,000 378,000 $ 257,000 $ 353,000 $ 281,000 Operating Expenses Selling and general expenses Interest expense Total expenses Net Income $ $ 203,000 1,300 165.000 $ 15.2003 100,200 $ 35,800 $ 5 211.300 69, 700 5 Select All Paste Chapters US Questions 1. Using the income statement and balance sheet from Question 4, calculate the following ratios for 2019. a. Gross Profit Percentage b. Current Ratio c. Quick (acid-test) ratio d. Inventory turnover e Accounts receivable turnover (use sales revenue for calculation) f. Return on total assets g. Debt ratio h. Return on equity