Financial statements needed to answer the questions in picture 1 are on the second picture...

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Accounting

Financial statements needed to answer the questions in picture 1 are on the second picture image
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On the following page are the financial statements for Fall Company for years 5 and 6 of their existence. Using those financial statements, answer the following questions, prepare the appropriate analysis, and calculate the following ratios (and PLEASE SHOW YOUR WORK!!) Round final answers to 3 decimals such as 3.265 or 16.8% which would be the same as 0.168 . Please show your work in the following format: Debt to Equity TotalStockholdersEquityTotalLiabilities=$117,700$88.300=0.750or75.0% a. Prepare a vertical analysis on the income statement for year 5 and then for year 6 , using gross sales as 100.0%. b. Prepare a horizontal analysis of the asset section of the balance sheet using year 5 amounts as 100.0%. c. Calculate the quick ratio for year 5 and for year 6 d. Calculate accounts receivable turnover for year 6 e. Calculate the return on sales for year 5 and for year 6 f. Calculate the fixed asset turnover ratio for year 6 . g. Offer one suggestion/strategy including dollar amounts which could have been used at the beginning of year 6 which might have IMPROVED the return on sales ratio in year 6 (in part "e." above) and show me what the new ratio would have been with your new strategy. Depinnirg Delinct of knviet Eamues * Ner incogne foe the Yez - Dividendi Deciesed surive the Year

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