Prepare $an$ income statement forecast analysis for $WW$&$M$ Manufacturing $Co.In$ your analysis, explain your choice $of$ the percentage assumptions for COGS, $SG$&$A,$ Income, Tax Expense, and Revenue Growth.

Common Size Balance Sheet

Instructions: Construct a Common Size Balance Sheet for HIJ Supply & Distributors

Inc. and complete the following analysis:

$-$ Analyze Accounts Receivables and provide possible reasons for changes

between the two years.

$-$ Calculate the percentage increase $on$ the following and comment about possible

reasons for the changes: Cash, Estimated Returns Inventory, Salaries Payable

$-Asan$ investor, what are your views about HIJ liquidity? $(Use$ liquidity ratios $in$

your analysis $to$ present your argument$).$