Condensed balance sheet and income statement data for Flint Corporation are presented here:

Here are the comparative income statements of Riverbed Corp RIVERBED CORP Comparative Income Statement For the Years Ended December 31 2020 2019 Net sales Cost of goods sold Gross Profit Operating expenses Net income $564,000 437,100 126,900 75,012 $51,888 $470,000 386,810 83,190 42,770 $40,420 Prepare a horizontal analysis of the income statement data for Riverbed Corp, using 2019 as a base percentage are a decrease show the numbers as negative, e'g,-55,000, -20% or (55,000), percentages to 1 decimal place, e.g. 12.1%.) RIVERBED CORP Comparative Income Statement For the Years Ended December 31 Increase or (Decrease) During 2020 2020 2019 Amount Percentage Net sales $564,000 $470,000 94000 201 % Cost of goods sold 437,100 386,810 50290 13.01 % Gross Profit 126,900 83,190 43710 52.51 % Operating expenses 75,012 42,770 32242 75.3 % Net income $51,888 $40,420 11380 261 % Prepare a vertical analysis of the income statement data for Riverbed Corp for both years. (Round percentages to 1 decimal place, e.g. 12.1%.) RIVERBED CORP Condensed Income Statements For the Years Ended December 31 2020 2019 Percent Percent Net sales $564,000 129.01 % $470,000 Cost of goods sold 437,100 100 % 386,810 Gross Profit 126,900 83,190 Operating expenses 75,012 42,770 Net income $ 51,888 % $40,420 Click if you would like to Show Work for this question: Open Show Work Condensed balance sheet and income statement data for Flint Corporation are presented here Flint Corporation Balance Sheets December 31 2020 2019 2018 $ 32,000 22,000 20,000 Cash Accounts receivable (net) Other current assets Investments Plant and equipment (net) 52,000 93,000 58,000 500,000 47,000 98,000 73,000 370,000 50,000 67,000 48,000 358,000 $735,000 $610,000 $543,000 Current liabilities Long-term debt Common stock, $10 par Retained earnings $ 87,000 82,000 $72,000 88,000 313,000 127,000 $735,000 $610,000 $543,000 148,000 323,000 177,000 53,000 303,000 115,000 Flint Corporation Income Statements For the Years Ended December 31 2020 2019 Sales revenue Less: Sales returns and allowances Net sales Cost of goods sold Gross proft Operating expenses (including income taxes) Net income $743,000 $603,000 32,000 701,000 571,000 428,000 353,000 273,000 218,000 182,000 152,000 $91,000 $66,000 42,000 Additional information: 1. The market price of Flint's common stock was $7.00, $7.50, and $8.50 for 2018, 2019, and 2020, respectively. 2. You must compute dividends paid. All dividends were paid in cash Compute the following ratios for 2019 and 2020. (Round answers to 2 decimal places, e.g. 1.83 or 1.83%.) 2020 2019 Profit margin 38.9 % 10.95 % Gross profit rate 36.74 % 36.1511 % Asset turnover 1.10times 1.05times Earnings per share 2.82 2.11 Price-earnings ratio 3.02 times 3.56 times Payout ratio 45.051 % 81.32 % Debt to assets ratio 31.971 % 27.87 % Click if you would like to Show Work for this question: Open Show Work