Part I: 4 spreadsheets (see description for templates); Part II: 300–500 words

Part I

As a new accountant, you have been assigned to your firm’s client, Jim’s Auto Body. Jim’s Auto Body is a relatively new company of 2 years. To help the client understand the company’s performance over the last 2 years, complete a horizontal and vertical analysis of the income statement and balance sheet using the financial statements provided below.

Horizontal Analysis of the Income Statement

Horizontal Analysis of the Balance Sheet

Vertical Analysis of the Income Statement

Vertical Analysis of the Balance Sheet

Part II

Give a brief explanation of the analysis results. Your analysis should be 300–500 words in APA format.