Spring: 2018-2019 Assignment Questi!n C [AR2 8 Marks] The linanents o Sun Cpcration apear bel Sun Corporation Comparntive Ralance Sheets Deccmber 31, 2017-18 Asics Casti 2018 S 75,0 2012 5,000 225,000 112.500 nveny Proprry, plant and cqmipmet ner) 225.000 262,500 1125.000 Tixal asl S18150 payable 5imi $ 112,0 33.500 300,0 Short- oots paabic Bdpyablc Common srock Relained canings Tolal liabilities and sokhee 562,500 112.510 562,500 100n Sun Corporation Incame Stutement For the Year Ended December 31, 2018 Net sales 81,300,000 937 500 562.501 Gmss profit Expcnsca Operiiing expenses S157.50I Tolal sperises Incone before income taxcs 37.500 101 ,25% Ner income Required: fai Lsing the Eaasaleents. cwmpulehlwingralis lo Sun Crp lar 2118. Skra allconpulalons. CurL ali 2. Acil es 3. Accounts reccivable turnover 5. Profit margn. 6. Ketrunon assct. 7. Assels lurnover Times inteest carned y, working capil. I. Debltoases rati (b Prepare a verrical analysis of the 2018 inome statent data for Sun Corporation. 2 marks i Based on he ralis calulaled in fa. nl the verical analysis in ih), discuss hrielly the inipememt lack thrin inariapon aniperaling rsults from 2017 to 20 Snn Carponinon. 2 marks Page 2 of2