Take me to the text The following financial statements are taken from the records of...
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Accounting
Take me to the text The following financial statements are taken from the records of Jade inc. a) Use horizontal analysis techniques to compare the changes between 2019 and 2018 balance sheet items. Do not enter dollar signs or commas in the input boxes. Use the negative sign for negative values. Round all answers to 2 decimal places. \begin{tabular}{|l|c|c|r|} \hline Total Liabilities & $211,300 & $294,000 & % \\ \hline Shareholders' Equity & $985,300 & $1,045,300 & % \\ \hline Total Liabilities and Equity & $1,196,600 & $1,339,300 & % \\ \hline \end{tabular} b) Perform a vertical analysis of the income statement for 2019 , stating all income statement items as a percentage of net sales. Jade inc, Income Statement For the Year Ended April 30 \begin{tabular}{|l|r|r|} \hline Transportation Expense & $7,100 & % \\ \hline Utilities Expense & $6,300 & % \\ \hline Total Operating Expenses & $103,300 & % \\ \hline Net lncome & $286,650 & % \\ \hline \end{tabular}
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