Seiected data from Taylor Furnture, inc, follows (Cick the icon to view selectod balance shoot data.) (Click the icon to viow selected income statement data.) Industry averages have been gathered for several ratios. (Click the icon to viow the ratios.) Read the requirements. Requirement 1. Perform a trend analysis on Taylors dales revenue, inventory, and recelvables over the past three years, using 2018 as the base. Is the trend in each of these areas fave unfavorable for the company? Begin by colculating the trend anabysis. (Round the ratos to the neareat wholo percent. X ). dustry averages have been gathered for several ratios. (Click the icon to view the ratios.) Read the requir Data table Requirement Ing 2018 as the base. Is the Data table verages have been gathered for several ratios. Data table the icon to view selected balance sheet data.) (Click the icon to view selected income statement data.) verages have been gathered for several ratios. the icon to view the ratios.) requirements. Requirements 1. Perform a trend ghalysis on Taylor's sales revenue, inventory, and receivables over the past three years, using 2018 as the base. Is the trend in each of these areas favorable or unfavorable for the company? 2. Using the industry averages as benchmarks, analyze Taylor's performance over the past three years in the following areas: a. Liquidity c. Overall debt payment ability b. Turnover d. Profitability 3. Evaluate Taylor's quality of earnings. Are there any red flags in your analysis? Explain