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Using the below financial statements to complete the ratio analysis and statement of Cash Flow questions following the financial statements. Milky Way corp comparative Balance

Using the below financial statements to complete the ratio analysis and statement of Cash Flow questions following the financial statements.

Milky Way corp comparative Balance sheet December 31, 20XX and 20XX (Prior)

Assets Current Prior
Cash 1,580 1,080
Account Receivable 1,300 1,680
Inventory 12,420 12,000
Total Current Assets 15,300 14,760
Land 12,300 10,200
Equipment 11,480 9,600
Accumulated Depreciation (2,040) (1,080)
Total Long-term Assets 37,040 33,480
Liabilities
Account Payable 1,920 960
Salaries Payable 5,060 4,080
Total Current Liabilities 6,980 5,040
Long-term Debt 4,300 4,200
Total Liabilities 11,280 9,240
Stockholders' Equity
Common Stock, 1000 Shares 10,000 10,000
Retained Earnings 15,760 14,240
Total Stockholders' Equity 25,760 24,240
Total Liabilities Stockholders' Equity 37,040 33,480

Milky Way Corp Income statement for the year Ended December 31, 20XX

Current year

Sales 24,720
Cost of goods sold 11,600
Gross Profit 13,120
Operating Expense
Depreciation Expense 960
Salaries Expense 3,240
Other Expenses 2,400
Total Operating Expenses 6,600
Operating Income 6,520
Interest Expense (600)
Net Income 5,920

Complete a Horizontal analysis on the comparative balance sheet for Milky Way corp for the items listed below> Answer should written in percent form Carried out one decimal place (i.g 45.7%)

Cash

Inventory

Equipment

Accounts Payable

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