Please provide assistance with finding the vertical and horizontal variances. Thank you.

These are directions to complete the assignment.

1.Review the year-over-year variances contained in the audited Stanford balance sheets and income statements, which are contained within the provided for fiscal years 2015 through 2018. You'll be expected to pay particular attention to the negative variances (color coded in "red") thatyou believeto be potentially the most impactful to Stanford.

2.Speculate as to the reasons for the negative variances.

3.Examine the common size balance sheets and income statements looking for abnormally low or high ratios based on what you know about the line item and what you observe in the data for the other fiscal years.

4.Look for patterns in the line items over time (2015 through 2018) and identify any unusual findings that may need to be examined further.