Question 19 marks) PART A mark) Revenue and expense data for Grace E-Commence, Inc. are as follows (2) The following financial data are milable for Company B's 2019 and 2020 financial Required Sales Cost of goods sold Selling expense Administrative expenses 2020 $500.000 2019 $440,000 325,000 242,000 70,000 79.200 75,000 10.500 30,400 16.400 1) Prepare an income statement in comparative form to show the horizontal analysis of financial data (in amount and in percent) in years 2010 and 2020 based on the extracted information above Show the sales, costs of goods sold, gross profit, selling expenses, administrative expenses, total operating expenses, income from operations, income tax expense and net income in your H Round your answers to the 2) Based on your answers in (1), explain the possible reasons) for the change in the amount and percent of Gross Profit between 2019 and 2020- PART B mark Presented below are three independent situations (1) The following is Company's A extracted financial data 2820 2019 Current ass Cash, trading securities, and receivables $50,000- $ 34,000- Inventorie 120.000- Total cust $200,000 66,000 $150,000 Current liabilities 100,000- 60,000- Required (1) (b) Compare and comment on the quick ratio computed in() Compute the () werlang pad () quidemtio for 2019 and 2020. Rond there to g decimal place + Benning inventory Coat of goods sold Enfinst inventory 2020 $1.139.600 20,000 2019 $1,192,320 64,000 500,00 600,000- 22.000 80.000 Comprate the inventory turnover for 2019 and 2020. Round the answers to one decimal place Compare and comment on the inventory turnover ratio computed in (a) The following selected data were extracted from the financial statements of Company C for operations from the years 2018 to 2020+ Heter payable (interest)=) Common stode Prefired $6 sack, $100 per Fanel aming Dec. 31, 2018 Der 31. Dec 31, 2019 $3,000,000 $2,700,000 $2,400,000 1,000,000 1,000,000 1,000,000 400,000 400,000 400,000 200,000 1,136.000 200,000 200,000 96.000 600,000 The net incomes of 2019 and 2020 were $300,000 and $242,000, respectively. No dividende ommon deck were dedared in 2020 Compute the rates eaned on common stockholders' equity for 2019 and 2020. Round the answers to one decimal place Compare and comment the mates mened on common stockholder's equity computed in (a) QUESTIONS END HERE