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Required information The following information applies to the questions displayed below] The balance sheets for Federer Sports Apparel for 2022 and 2021 are presented below. 2. Prepare a horizontal analysis for 2022 using 2021 as the base year. (Note: If the percentage increase or decrease cannot be calculated, then leave the cell blank. Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) The 2021 income statement of Adrian Express reports sales of $15,015,000, cost of goods sold of $8,863,500, and net income of $1,570,000. Balance sheet information is provided in the following table. Industry averages for the following four risk ratios are as follows: Required: 1. Calculate the four risk ratios ilsted above for Adrian Express in 2021. (Use 365 days in a year. Round your answers to 1 decimal place. Industry averages for the following profitability ratios are as follows: Required: 1. Calculate the five profitability ratios listed above for Adrian Express. (Round your answers to 1 decimal place.) Additional information for 2021 : 1. Net income is $128,400. 2. Sales on account are $1,702,000 3. Cost of goods sold is $1,276,500. Required: 1. Calculate the following risk ratios for 202t (Round your answers to 1 decimal place.) Additional information for 2021 : 1. Net income is $128,400. 2. Sales on account are $1,702,000. 3. Cost of goods sold is $1,276,500. Required: 1. Calculate the following risk ratios for 2021 : (Round your answers to 1 decirral place.) 1

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