general terms.

All values should be accurate to at least two decimal places.

Use XYZ Corporation's financial statements to compute the required ratios below; and indicate whether the change from year to year is favorable or unfavorable. For your analysis, assume that all other things have remained constant. Apply your analysis in very general terms. All values should be accurate to at least two decimal places. Income Statement For Years Ended December 31 , 2019, 2018, and 2017 01 01 Sales Cost of goods sold Gross margin Operating expenses Income from operations Interest expense Net income $1 Sl ,602 200 Sl 347,100 778,900 1 138000 454,300 683, 700 5,400 $678,300 Balance Sheet 976,600 625,600 249,600 376,000 5,650 $370,350 December 31, 2019, 2018; and 2017 Cash Short-term investments Accounts receivable Merchandise inventory Prepaid expenses Notes receivable, due in 2022 Plant assets, net Total assets Accounts payable Salaries payable Property taxes payable Long-term note payable Common stock, 150000 shares Retained earnings Total liabilities and stockholders' equity Working capital (S) Current ratio (%) Quick ratio (%) 2019 $42,300 97 ,ooo 50,500 50,200 4,200 10,500 282,000 $536,700 $13,400 8, 100 5,800 236,000 220,000 53,400 $536,700 2018 $36,400 83,000 52,700 44 ,600 4, 600 9,500 311,000 $541,800 $15,700 7,600 5,100 212,000 210,000 91 ,400 $541 256,300 143,900 112,400 4,850 $107,550 2017 $34 300 92,000 49,700 53,900 5, 700 11 goo 297,000 $543,600 $16,800 9,000 6,350 193,000 200,000 118,450 $543,600 (select one) (select one e) avarable unfavorabl