The comparative income statements of Olympic Corporation are shown below:

\section*{Instructions}

(a) Prepare a horizontal analysis of the income statement data for Olympic Corporation using 1996 as a base. (Show the amounts of increase or decrease.)

(b) Prepare a vertical analysis of the income statement data for Olympic Corporation in columnar form for both years.
Compute liquidity ratios and compare results.
\((\mathrm{SO} 5\) )