1. Using the two balance sheets provided, prepare a horizontal and vertical analysis for the period ending June 30, 2017. You only need to complete one vertical analysis using the June 30, 2017 balance sheet values.
2. Compare the vertical analysis results with the industry average information provided and identify any areas that you believe merit further investigation, including why you would investigate them further and likely reasons for the results.
3. Calculate the following ratios for the company for the year ended June 30, 2017:
1) Current Ratio
2) Acid-test ratio
3) Profit Margin
4) Asset Turnover
5) Return on Assets
6) Debt to Assets Ratio