help! vertical and horizontal income statements and ratios!

1 Prepare a vertical comparative income statement basing percentages on net sales for each year. O'Farrell and O'Brien Corporation Comparative Income Statement For the Years Ended December 31, 20-B and 20-A 20-B t sales sold 298,000 62,000 2. Prepare a horizontal comparative income statement. Roma Tile Corporation Comparative Income Statement For the Years Ended December 31, 20-B and 20-A 20-B 20-AIncr./(Decre.) Percentages Net sales $660,900 $720,000 Cost of goods sold $330,000 Gross profit 0,000 243,000 6,000 ,000 3. A company has cash, $85,000; temporary investments, S30,000; net receivables, S60,000; and inventory, $350,000. Current liabilities are $300,000. The current ratio is a. 0.58 to 1 0.74 to1 e 1.75 to 1 d 1.86 to 1 4. A company has net sales on account of $1,200,000. Net accounts receivable at the beginning of the year are S500,000 and net accounts receivable at the end of the year are 700,000. The average number of days that the accounts receivables were on the books was a. 8.7 days. b 182.5 days. e.304.0 days. d439.8 days