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Deere & Company presents the following information from their Annual Report: Required: Prepare a trend analysis using the oldest year as the base year. Prepare
Deere \& Company presents the following information from their Annual Report: Required: Prepare a trend analysis using the oldest year as the base year. Prepare a horizontal analysis (dollar and percent of change) for the current and prior year. Prepare a vertical analysis showing the common size percent for the current and prior year Explain the results of your analysis. a. Trend Percentages Sales 2023 Cost of Goods Sold Gross Margin Operating Expense Net Operating Income b. Horizontal Analysis Sales Cost of Goods Sold Gross Margin Operating Expense Net Operating Income c. Vertical Analysis Sales: Cost of Goods Sold Gross Margin Operating Expense Net Operating Income Analysis: (show percentages only for Trend Analysis) 2022 2021 2020
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