Perform a vertical analysis of at least one item on the common-size  balance sheet, income statement, and statement of cash flows you  prepared for the most recent year.

Perform a vertical analysis of at least one item on the common-size  balance sheet, income statement, and statement of cash flows you  prepared for the most recent year.

• Prepare common-size balance sheets, income statements, and  statements of cash flows for your chosen company for the latest 2 years.  Identify one company that competes with your chosen company, obtain  their financial statements for the most recent two years, and prepare  common-size balance sheets, income statements, and statements of cash  flows for your chosen company for the latest 2 years.
• Explain why common-sized financial statements are a convenient way  to compare financial statement items within the same period, between  periods, and between competing companies.
• Perform a vertical analysis of at least one item on the common-size  balance sheet, income statement, and statement of cash flows you  prepared for the most recent year. Compare each item to the same item on  the common-size financial statements for the previous period and to the  same item on the common-size financial statements you prepared for the  competing company.
• Discuss what this comparison tells you about your chosen company’s  current financial condition, how it compares to the previous year, and  how it compares with the financial condition of your chosen company’s  competitor.

Your initial response should be a minimum of 200 words.