Income statement For the ended 31/12/2020 Sales (75% credit) Cost of Goods Sold Gross Profit Operating expenses 2020 2019 90000 60000 (40000) (24000) 50000 36000 Statement of financial position As of 31/12/2020 Cash and Equivalents (20000) (12000) Accounts Receivable Inventory Property, Plant & Equipment(net) Total Assets EBIT 30000 24000 Total Current Liabilities Interest Expense Earnings Before Taxes (1000) (1000) Long-term Debt Taxes @ 40% (11600) 29000 23000 (9200) Common Stock Treasury shares 2020 2019 5000 4000 14000 6000 4000 8000 55000 40000 78000 58000 12000 8000 26000 20000 25000 25000 (3000) (3000) Net Income 17400 13800 Retained Earnings 18000 8000 Total Liabilities and Owner's Equity 78000 58000 Additional information: Depreciation expense $4000. First question- RAMADAN co. fo2 2020 and for 2019 if you can. A. Analyze the following items horizontally: sales, inventory, cost of goods sold, and long-term debts. Then, put short comments for each item. B. Analyze the following items vertically: sales, inventory, cost of goods sold, and long-term debts. Then, put short comments for each item. C. Compute: ratios to analyze liquidity analysis. Then, put short comments for each item. D. Compute total debts ratio, times interest earned. Then, put short comments for each item. E. Put your conclusion about the profitability, liquidity, and solvency position for RAMADAN co. F. Put your advice to the managers of this corporation. G. If the company sells from its inventory costs $2000, by $ 2500 on accounts, what are the effects on the following ratios: current ratio, quick ratio, collection period. also put your computations. Income statement For the ended 31/12/2020 Sales (75% credit) Cost of Goods Sold Gross Profit Operating expenses 2020 2019 90000 60000 (40000) (24000) 50000 36000 Statement of financial position As of 31/12/2020 Cash and Equivalents (20000) (12000) Accounts Receivable Inventory Property, Plant & Equipment(net) Total Assets EBIT 30000 24000 Total Current Liabilities Interest Expense Earnings Before Taxes (1000) (1000) Long-term Debt Taxes @ 40% (11600) 29000 23000 (9200) Common Stock Treasury shares 2020 2019 5000 4000 14000 6000 4000 8000 55000 40000 78000 58000 12000 8000 26000 20000 25000 25000 (3000) (3000) Net Income 17400 13800 Retained Earnings 18000 8000 Total Liabilities and Owner's Equity 78000 58000 Additional information: Depreciation expense $4000. First question- RAMADAN co. fo2 2020 and for 2019 if you can. A. Analyze the following items horizontally: sales, inventory, cost of goods sold, and long-term debts. Then, put short comments for each item. B. Analyze the following items vertically: sales, inventory, cost of goods sold, and long-term debts. Then, put short comments for each item. C. Compute: ratios to analyze liquidity analysis. Then, put short comments for each item. D. Compute total debts ratio, times interest earned. Then, put short comments for each item. E. Put your conclusion about the profitability, liquidity, and solvency position for RAMADAN co. F. Put your advice to the managers of this corporation. G. If the company sells from its inventory costs $2000, by $ 2500 on accounts, what are the effects on the following ratios: current ratio, quick ratio, collection period. also put your computations.