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t. Friendly Bookstore has experienced rapid growth since its formation in 2017. Following is selected data from its annual report Required: Hem Sales Cost

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t. Friendly Bookstore has experienced rapid growth since its formation in 2017. Following is selected data from its annual report Required: Hem Sales Cost of Goods Sold 2020 Net Income Total Assets Number of Books Sold $1,260,000 $971,000 $53,000 $1,100,000 2019 2018 $970,000 $840,000 $598,000 $515,000 2017 $600,000 $46,000 $897,000 $360,000 $39,000 $30,000 $768,000 $545,000 85,703 73,192 63,200 45.187 a. Perform a horizontal common-size analysis of the data given. [5 marks] Item Sales Cost of Goods Sold Net Income Total Assets Number of Books Sold 2020 2019 2018 2017 12 points

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