Perform the Vertical Analysis of the Balance Sheet for Citi Trends. Explain the major changes that are evident over the 5-year period for the balance sheet with 2018 being the base year. Please ONLY USE the balance sheet provided. Also can you please show how to complete the formula in a graph

C Citi Trends Inc (NMS: CTRN) + to Company Analysis List Address: 104 Coleman Boulevard, Savannah, GA 31408 United States | Phone: 912 236-1561 | Company Website: www.cititrends.com Powered by Clearhit Recent Companies Incorporated: 1946 , DE, United States Industry: Apparel Retailers (ICB 40401020) Market Cap: 208,154,025 CUSIP: 17306X10 Industry: Family clothing stores (SIC 5651) Revenue: 914,429,000 Auditor: Deloitte & Touche LLP Industry: Clothing and Clothing Accessories Retailers Net Income: 61,546,000 Legal Counsel: Paul, Hastings, Janofsky & Walker LLP (NAICS 458110) EPS Basic: 7.21 EPS Diluted: 7.18 Transfer Agent: American Stock Transfer and Trust Number of Employees: 3,000 (Approximate Full-Time PE Ratio: 3.4533 Company, New York, NY as of 01/29/2022) Country: United States Number of Shareholders: 35 (record), 10,000 (approx. beneficial) (as of 03/15/2022) Company details Executives Ownership Company financials Equity pricing Annual reports Filings News Competitors Report builder Supply chain Company reports As reported Prelims Standardized Restated Ratios Analysis OInclude Auditor Data within Download Download Printer Friendly My Mergent Tools = Annuals w |Balance Sheet 5 Years/Quarters w ]Show Footnotes As Reported Currency As Reported Scale w| Refresh Exchange rate used is that of the Year End reported date As Reported Annual Balance Sheet Report Date 01/29/2022 01/30/2021 02/01/2020 02/02/2019 02/03/2018 Currency USD USD USD USD USD Audit Status Not Qualified O Not Qualified O Not Qualified O Not Qualified O Not Qualified O Consolidated Yes Yes Yes Yes Yes Cash & cash equivalents 49.788,000 123,177,000 19,923,000 17,863,000 48,451,000 Short-term investment securities 27,562,000 50,350,000 31,500,000 Inventory 123,835,000 103,845,000 138,258,000 139,841,000 137,701,000 Prepaid & other current assets 14,997,000 17,420,000 14,278,000 17,544,000 15,694,000 Income tax receivable 3,987,000 1,186,000 Total current assets 192,607,000 244,442,000 201,207,000 225,598,000 233,346,000 Land 479,000 479,000 479,000 179,D00 479,000 Buildings 32,378,000 31,642,000 31,158,000 30,779,000 30,540,000 Leasehold improvements 117,604,000 108,818,000 103,919,000 97,825,000 93,653,000 Furniture, fixtures & equipment 156,215,000 148,332,000 142,953,000 132,067,000 127,816,000 Computer equipment 45,804,000 42,414,000 40,096,000 38,039,000 37,115,000 Construction in progress 6,247,000 10,909,000 8,950,000 2,993,000 1,873,000 Property & equipment, gross 358,727,000 342,594,000 327,555,000 302,182,000 291,476,000 Less: accumulated depreciation 283,445,000 279,080,000 262,570,000 245,958,000 229,699,000 Property & equipment, net 75.282,000 63,514,000 64,985,000 56,224,000 61,777,000 Operating lease right of use assets 201,827,000 179,673,000 169,854,000 Long-term investment securities 15,675,000 3,883,000 25,451,000 Deferred income taxes 2,992,000 6,195,000 6,669,000 6,539,000 5,777,000 Other assets 1,317,000 769,000 755,000 745,000 720,000 Total assets 474,025,000 494,593,000 459,145,000 297,989,000 327,071,000 Accounts payable 98,879,000 84,832,000 79,596,000 73,391,000 75,947,000 Operating lease liabilities 47,803,000 46,983,000 42,944,000 Accrued expenses 14,532,000 16,592,000 14,755,000 15,311,000 13,762,000 Accrued compensation 25,896,000 29,315,000 13,013,000 12,746,000 17,013,000 Income tax payable 4,623,000 395,000 1,916,000 Layaway deposits 364,000 500,000 554,000 526,000 532,000 Total current liabilities 187 474,000 182,845,000 150,862,000 102,369,000 109,170,000 Noncurrent operating lease liabilities 168,304,000 145,828,000 135,316,000 Deferred rent 2,344,000 2,148,000 Tenant improvement allowances 4,037,000 4,325,000 Other long-term liabilities 1,923,000 1,814,000 1,960.000 Total other long-term liabilities 1,923,000 8, 195,000 8,433,000 Other long-term liabilities 2,104,000 2,286,000 Total liabilities 357,882,000 330,959,000 288,101,000 110,564,000 117,603,000 Common stock 159,000 158,000 157,DDD 157,000 156,000 Paid in capital 101,037,000 95,484,000 93,180,000 91,794,000 90,605,000 Retained earnings 272,158,000 209,918,000 186,772,000 176,094,000 158,927,000 Treasury stock, at cost 257,211,000 141,926,000 109,065,000 80,620,000 40,220,000 Total stockholders' equity 116,143,000 163,634,000 171,044,DDD 187,425,000 209,468,000