1. 
2. Horizontal and vertical analysis of the income statement.
   1. Identify the two largest horizontal and the two largest vertical trends you notice.
   2. Give a possible reason for why each of these is happening.

Vertical Analysis Horizontal Analysis - change between 12/31/19 100% -41% 59% - 1% -36% 23% -1% -1% 21% -5% - 1% 15% 12/31/18 100% -41% 59% - 1% -35% 24% - 1% - 1% 22% -6% -1% 15% 12/31/17 100% -40% 60% (0.01) -35% 24% - 1% - 1% 23% -8% -1% 13% 12/31/19 12/31/18 - 1% -1% -1% -32% -3% 4% -24% -1% 5% 15% - 1% 12/31/18 12/31/17 - 1% -2% 1% 14% 0% 0% 26% -40% 1% 31% -5% -19% 1% Vertical Analysis Horizontal Analysis - change between 12/31/19 100% -41% 59% - 1% -36% 23% -1% -1% 21% -5% - 1% 15% 12/31/18 100% -41% 59% - 1% -35% 24% - 1% - 1% 22% -6% -1% 15% 12/31/17 100% -40% 60% (0.01) -35% 24% - 1% - 1% 23% -8% -1% 13% 12/31/19 12/31/18 - 1% -1% -1% -32% -3% 4% -24% -1% 5% 15% - 1% 12/31/18 12/31/17 - 1% -2% 1% 14% 0% 0% 26% -40% 1% 31% -5% -19% 1%