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explain how to get these nunbers that have been already been solved. be detailed i have no clue what to do thanks! 15-2 Performing horizontal

explain how to get these nunbers that have been already been solved.
be detailed i have no clue what to do thanks! image text in transcribed
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15-2 Performing horizontal analysis Verifine Corp, reported the following on its comparative income statement: 2019 (In millions) 2018 2017 Revenue Cost of Goods Sold $9,890 6,250 $ 9,690 6,000 $ 9,135 5,890 Prepare a horizontal analysis of revenues and gross profit-both in dollar amounts and in percentages-for 2019 and 2018 Revenue COGS Gross Profit Amount $200 $250 ($50) 2019 Percent 2.1% 4.2% (1.4%) Amount $555 $110 $445 2018 Percent 6.1% 1.9% 13.7% 9515-3 Calculating trend analysis Muscateer Corp. reported the following revenues and net income amounts: (In millions) 2019 2018 2017 2016 Revenue $ 9,610 7,290 $9,355 6,790 $9,050 5,020 $ 8,950 4,300 al Net Income Requirements 1. Calculate Muscateer's trend analysis for revenues and net income. Use 2016 as the base year, and round to the nearest percent 2. Which measure increased at a higher rate during 2017-20197 Revenue Net Income 2019 107% 170% 2018 105% 158% 2017 101% 117% 2016 100% 100% S15-4 Performing vertical analysis Great Value Optical Company reported the following amounts on its balance sheet at December 31, 2018 and 2017: Cash and Receivables Merchandise Inventory Prop, Plant, and Equip, Net Total Assets 2018 $80,640 56,840 142,520 $280,000 28.8% 20.3% 50.9% 100.0% 2017 $80,575 54,450 139,975 $275,000 29.3% 19.8% 50.9% 100.0% Company vs. industry average S15-5 Preparing common-size income statement Data for Connor, Inc. and Alto Corp. follow: I Connor Alto Net Sales Revenue Cost of Goods Sold Other Expenses Net Income $ 13,000 $ 22,000 7,917 15,730 4,342 5,170 $ 741 $ 1,100 Requirements 1. Prepare common-size income statements, 2. Which company earns more net incomo? 3. Which company's net income is a higher percentage of its net sales revenue? Net Sales Revenue Cost of Goods Sold Other Expenses Net Income Connor 100% 60.9% 33.4% 5.7% Alto 100% 71.5% 23.5% 5% SACHS

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