Question Balance Sheet Two Year Compare Assets Cash & Equivalents Trade Accounts Receivable 1345 127.541 129513657 Other Current Assets Total Current Assets Long-Term Investments Net Fixed Assets 4124583150 Intangible Assets Other Nearest Assets Total Aucts 121664 11030 BEST WEBER A RS 532-50 90.190 10.0149 115 Acoounts Payable Notes Payable d Libilities Income Taxes Payable Current Portion of Long-Term Debe Total Current L es Long-Term Debt Other Long Term Liabilities Totallon-Terma NONS Equity Retained Earnings Total Equity Total Liabilities and Equity State of Income Two-Year Comparis 8,797,422 7.756.258 Cost of Sales 8.451 543 3455 812 Operating Expenses Operating Proti Other Income Others Earnings Before Interest and Taxes Interest Expense 16.360 3.415 15 542 4147 72101 Provision for Income Taxes Net Income 21,877 21.07 3.34332311 - Number of common shares outstanding 150.000 shares Market price per share of common stock in 2019 was per dare and in 2018 was so share Requirements a) Prepare a Horizontalysis of the dance sheet s for the wars 2019 2018 b) Compute the following ratios 1. Current Ratio 2. Quick Ratio 3. Accounts Receivable Turner 4. Days Salesis Receivables Inventory turnover 6. Dans sales in Inventory 7. Pa s Profis 9. Percent Rate of Return on Aucts 10. Earnings per share 11. Price Earnings Ratio 12. Det to Equity 13. Time interes Farned 14. Debt ratio - Number of common shares outstanding 150,000 shares - Market price per share of common stock in 2019 was $45 per share and in 2018 was $42 per share. Requirements a) Prepare a Horizontal analysis of the balance sheet and income statement for the years 2019 and 2018. b) Compute the following ratios: 1. Current Ratio 2. Quick Ratio 3. Accounts Receivable Turnover 4. Days Sales in Receivables 5. Inventory turnover 6. Days' sales in Inventory 7. Percent Gross Profit 8. Profit Margin Ratio 9. Percent Rate of Return on Assets 10. Earnings per share 11. Price Earnings Ratio 12. Debt to Equity 13. Times Interest Earned 14. Debt ratio