Section 2- (69 points total) Questions 31-51 are presented below Please be sure to show all support for your work. You will be using the following sections of the annual report: MD&A, consolidated financial statements and notes to the financial statements. Please use your homework and information in the assigned chapters to complete the case 31. Using the Excel template, compute common-size income statements (vertical analysis) for 2015 and 2014. In common-size income statements, net sales is 100% and every other number is a percentage of sales (you can stop at net earnings). (12 pts) 32. Using the common-size (vertical) income statements, identify the significant trends, and compare to the industry standards included in the template (source: BizStats). (3 pts) 33. Using the Excel template, compute common-size (vertical analysis) balance sheets at the end of fiscal 2015 and 2014. In common-size balance sheets, total assets is 1000 16096 1/1 SetValue: 2.7in Row 11 Column: 1 Words: 618 Spell Check earch Section 2- (69 points total) Questions 31-51 are presented below Please be sure to show all support for your work. You will be using the following sections of the annual report: MD&A, consolidated financial statements and notes to the financial statements. Please use your homework and information in the assigned chapters to complete the case 31. Using the Excel template, compute common-size income statements (vertical analysis) for 2015 and 2014. In common-size income statements, net sales is 100% and every other number is a percentage of sales (you can stop at net earnings). (12 pts) 32. Using the common-size (vertical) income statements, identify the significant trends, and compare to the industry standards included in the template (source: BizStats). (3 pts) 33. Using the Excel template, compute common-size (vertical analysis) balance sheets at the end of fiscal 2015 and 2014. In common-size balance sheets, total assets is 1000 16096 1/1 SetValue: 2.7in Row 11 Column: 1 Words: 618 Spell Check earch