Financial information for Ridge Ltd is as follows. 2016 2015 Sales Cost of sales Selling expenses Administrative expenses Income tax expense Profit $1 500 000 $1350000 745 000 123000 738 000 105 000 81000 127800 298 200 92000 162000 378 000 Required: (a) Prepare a schedule showing a vertical analysis for 2016 and 2015. (10 marks) Show workings. [Answer and show workings here] (b) Prepare a brief report outlining the results of your analysis for a potential investor and advise if the investor should invest in Ridge Ltd. (10 marks).