Discuss the 2 year trend and its comparison to the Industry Norm

Baker & Co Baker & Co. has applied for a loan from the Trust Us Bank to invest in evaluate the firm as a potential debtor, the bank would like to compare ba following are the financial statements given to Trust Us Bank: several potenta op Baker &Co. to the industry. The Balance Sheet Cash Accounts receivable Inventory Current assets Plant and equipment Less: acc depr Net plant and equipment Total assets Liabilities and Owners' Equity Accounts payable Notes payable Current liabilities Bonds Owners' equity Common stock Paid-in-capital Retained earnings Total owners' equity Total liabilities and owners' equity $2.38052.480 Income Statement Sales (100% credit) Cost of goods sold Gross profit Operating expenses Depreciation Net operating income $305 275 290 1,700 1,940 1,340 $150 $200 165 305 $1,100 $1,330 500 570 20 320 256 30 340 283 Interest expense Net income before taxes Taxes Net income