Refer to the financial data for Bao Corporation in Problem 4-13.Using these financial statements, complete the following steps. In Problem 14-13, the financial statements for the Bao Corporation are given below.
Required:
a. Prepare a horizontal analysis for the balance sheet.
b. Prepare a horizontal analysis for the income statement.
c. Comment on the results of any significant findings.
d. What types of issues does the company seem to be facing?
e. What suggestions do you have for the Bao Corporation?