Cruz Burgers Inc 's financial statements for the year ended December 31,2020 , are shown below (Click the icon to view the income statement.) (Click the icon to view the statement of retained earnings.) (Click the icon to view the balance sheet.) Requirement 1. Perform a horizontal analysis of the comparative balance sheets Comment on the analysis (Enter the percent change as a whole number rounded to one decimal place. Enter numbers to be subtracted with a minus sign or parentheses.) 2020 , are show to view the sta sheets Comme Enter number Statement of retained earnings x tatement of 2. Perform a vertical analysis of the income statement The industry standards are gross margin of 45 percent and net income of 15 percent Comment on the results 3. Calculate each of the following ratios for the year ended December 31,2020 . The industry standards are provided in parentheses for some of the ratios a Currentratio (2.17) h. Debtlequity ratio b Acid-test ratio i Times-interest-earned ratio c. Inventory turnover j Rate of return on sales d Days' sales in inventory k. Rate of return on assets e Accounts Receivable I Rate of return on common shareholders' equity turnover f Days' sales in receivables m Pricelearnings ratio-the market price per share is $900 at year-end, when dividends were paid ( 1400) g Debtratio (047) n Dividend yield (415%) 4. Comment on your calculations for Cruz Burgers inc in Requirement 3 Include comments for those ratios for which industry standards were provided Requirement 1. Perform a horizontal analysis of the comparative balance sheets Comment on the analysis (Enter the percent change as a whole number rounded to one decimal place. Enter numbers to be subtracted with a minus sign or parentheses.) Accounts recervadie Inventory Prepaid expenses Property, plant, and equipment Less Accumulated amortization Goodwill Total Assets Liabilities Accounts payable Notes payable (due in 30 days) Mortgage payable Total liabilities Shareholders' equity Prafarrort charoc 18 nnn charos es fallatio at 15 nor charol GOOOWIII Total Assets Liabilities Accounts payable Notes payable (due in 30 days) Mortgage payable Total liabilities Shareholders' equity Preferred shares (8000 shares \$2 callable at \$15 per share) Common shares (2020-12000 shares, 2019-8,000 shares) Retained earnings Total shareholders' equity Total liabilities and shareholders' equity Ask my instructor Clear all Check