STEP 1:

Calculate all the ratios listed at the bottom of the page. PLEASE SHOW ALL YOUR WORK!!!!

STEP 2:

Do the Horizontal analysis for both the balance sheet and income statement and the Vertical analysis for 2021 only.

PLEASE SHOW YOUR WORK FOR EVERYTHING!! DON'T FORGET TO ROUND YOUR ANSWERS TO 2 DECIMALS.

BROWN, INC. BALANCE SHEETS December 31, 2021 and 2020 Kequired: Horizontal Analysis FOR BOTH BALANCE SHEET AND INCOME STATEMENT Vertical Analysis FOR 2021 ONLY!!!! For the statement of income, use Sales as your key element Ratios Current ratio Quick ratio Return on assets Gross margin Debt to assets Debt to Equity Accounts receivable tumover for 2021 Average days to collect receivables for 2021 Inventory tumover for 2021 Average days to sell inventory for 2021 BROWN, INC. BALANCE SHEETS December 31, 2021 and 2020 Kequired: Horizontal Analysis FOR BOTH BALANCE SHEET AND INCOME STATEMENT Vertical Analysis FOR 2021 ONLY!!!! For the statement of income, use Sales as your key element Ratios Current ratio Quick ratio Return on assets Gross margin Debt to assets Debt to Equity Accounts receivable tumover for 2021 Average days to collect receivables for 2021 Inventory tumover for 2021 Average days to sell inventory for 2021