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Use the comparative balance sheets for Potawatami Corporation attached and the following selected financial information to answer the requirements to this problem. Potawatami Corporation had

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Use the comparative balance sheets for Potawatami Corporation attached and the following selected financial information to answer the requirements to this problem. Potawatami Corporation had the following additional information available for the year ending December 31, 20X3. REQUIRED: (1) (2) (3) Using the balance sheets provided, prepare a horizontal analysis from 20X2 to 20x3 for all items listed. Round all percentages to two decimal places (four decimal places in all). Using the balance sheets provided, prepare a vertical analysis for 20X3 for all items listed. Round all percentages to two decimal places (four decimal places in all). Compute the following financial ratios for 20X3. Round all percentages to two decimal places (four decimal places in all) and all other numbers to two decimal places. (a) Current Ratio. (b) Quick Ratio. Accounts Receivable Turnover. Accounts Receivable Days' Sales on Hand. Profit Margin Ratio. Return on Average Total Assets. Return on Average Common Stockholders' Equity. Debt to Equity Ratio. Interest Coverage Ratio. POTAWATAMI CORPORATION COMPARATIVE BALANCE SHEETS AT DECEMBER 31, 20X2 AND 20X3 Dec. 31, 20X3 Dec. 31, 20X2 Cash $ 28,500 $ 20,000 Accounts Receivable 14,300 10,000 Inventory 18,000 25,000 Long Term Investments 0 6,000 Buildings 20,000 50,000 Accumulated Depreciation, Buildings 1,000) 6,000) Equipment 72,000 35,000 Accumulated Depreciation, Equipment ( 14,000) 22,500) Patent 14,600 15,750 Total Assets $ 152,400 $ 133,250 ( $ 12,000 $ 0 Accounts Payable Dividends Payable Notes Payable, Short Term Notes Payable, Long Term Common Stock Additional Paid In Capital, Common Stock Retained Earnings Total Liabilities and Stockholders' Equity 8,000 42,000 50,000 10,000 30,400 $ 152,400S 15,000 10,000 2,000 36,000 35,000 0 35,250 133,250

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