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help solve Problem B Deere & Company manufactures, distributes, and finances a full range of agricultural equipment; a broad range of industrial equipment for construction,

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Problem B Deere & Company manufactures, distributes, and finances a full range of agricultural equipment; a broad range of industrial equipment for construction, forestry, and public works; and a variety of lawn and grounds care equipment. The company also provides credit, health care, and insurance products for businesses and the general public. Consider the following information from the Deere & Company Annual Report: Year 1 $12,791 8,481 4,310 2,694 $1,616 Year 3 $11,751 8,178 3,573 3,021 $ 552 Year 4 $13,137 8,936 4,201 3,236 $965 Year 2 (in millions) Sales Cost of goods sold Gross margin Operating expenses Net operating income $13,822 9,234 4,588 2,841 $ 1,747 Prepare a statement showing the trend percentages for each item using Year 1 as the base year. 1. 2. 3. 4. Prepare a horizontal analysis including the dollar and percent change for Year 4. Prepare a vertical analysis showing the common size percents for years 3 and 4. Comment on your analysis

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