INSTRUCTIONS: Complete parts A and B of this exercise. Examples can be found in Chapter 21 of your textbook. Be sure to notice that Part A is a balance sheet and Part B is an income statement. Also, be sure to note that the most recent year is shown on the left in these financial statements. Formulas and examples for interpretation of results can be found in Table 21-1 of your textbook or the last worksheet tab of this file.
Part A – Balance sheet Analysis
Part A – Chapter 21 in your textbook contains examples that will be helpful for completing the exercises below.
1. Using Excel formulas, prepare a vertical analysis for 2017 for the balance sheet below (only use 2017).
2. Using Excel formulas, prepare a horizontal analysis for the balance sheet below (use 2016
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