II. Fill-in the blanks and perform a Horizontal Analysis (HA) and Vertical Analysis (VA) on...
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II. Fill-in the blanks and perform a Horizontal Analysis (HA) and Vertical Analysis (VA) on the following Balance Sheet and Income Statement (55pts) Income Statement 2019 $82,135 VA VA HA 2020 $94,571 Revenue Total Expenses Cost of Goods Sold SG Expenses Other Expenses Interest Expense Provision for Taxes Net Income 32,574 15,931 11,304 3,210 4,536 35,872 16,782 10,947 4,015 5,200 VA VA HA Assets Cash and Marketable Securities Accounts Receivable Inventory Total Current Assets Property, Plant and Equipment Total Assets Balance Sheet 2019 $12,095 15,700 18,324 2020 $15,035 14,200 18,540 15,000 17,008 $8,590 $9,000 Liabilities and Stockholders' Equity Current Liabilities Long-Term Debt Total Liabilities Shareholders' Equity Total Liabilities and Equity 28,590 27,500 III. Compute for the following (for both years) (30pts) Given : Preferred Equity = $4000 Number of shares of common stock outstanding= 2,000 1. Working Capital 2. Current Ratio 3. Times interest earned (interest coverage)
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