Table 1 30-Jun-2020 Horizontal Analysis 71.77 19.54 19.6 110.91 Quarterly Financials for Amazon.com Inc. All values USD millions 30-Jun-2019 Assets Cash & Short-Term Investments 41.78 Total Accounts Receivable 16.43 Inventories 18.58 Total Current Assets 76.79 Net Property, Plant & Equipment 86.37 Total Investments and Advances 0.644 Intangible Assets 14.73 Other Assets 12.82 Total Assets 191.35 Liabilities & Shareholders' Equity Total Current Liabilities 69.68 115.05 2.52 14.75 15.08 258.31 93.9 Entrepreneurial Finance Page 3 38.46 75.93 10.15 14.76 Long-Term Debt Other Liabilities Total Liabilities Total Shareholders' Equity Liabilities & Shareholders' Equity 138.29 184.59 33.06 73.73 191.35 258.31 3. You receive the following partial balance sheet and income statement (Table 1 & 2) for 30 June 2019 and 30 June 2020 for the Amazon.com Inc. that you are considering making an investing in. a) Perform a horizontal analysis on these accounts. Compare the changes in accounts, and in [4 Marks] a sentence describes those changes that were beneficial or disadvantageous to this company. b) Calculate rations from Table 3, fill it in and interpret each of them. [4 Marks) Table 1 Table 2 All values USD millions. 30-Jun-2019 30-Jun-2020 63.4 88.91 36.34 52.66 Sales/Revenue Cost of Goods Sold (COGS) Gross Profit Net Income 27.07 36.25 2.63 5.24 Table 3 Ratios 2nd Quarter 2019 2nd Quarter 2020 Debt to total assets ratio Equity ratio Accounts Receivable Turnover Debt-to-equity-ratio Current ratio Quick ratio Gross profit margin ratio