The comparative balance sheets for Federer Sports Apparel are presented below.

Required:
1. Prepare a vertical analysis of the balance sheet data for 2016 and 2015. Express each amount as a percentage of total assets.
2. Prepare a horizontal analysis for 2016 using 2015 as the baseyear.

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FEDERER SPORTS APPAREL Balance Sheets December 31 2016 2015 Assets Cash Accounts receivable Inventory S 2,600.000 S 1.100,000 1,700,000 1,900,000 10,000,000 1.200,000 2,200,000 12,000,000 Buildings Less: Accumulated depreciation $15,700000 $13 600.000 Total assets Liabilities and Stockholders' Equitt Accounts pavable Contingent liability Common stock Retained eamings S 2,500,000 S1,800,000 200,000 9,500,000 3100.000 2.100.000 600,000 9,500,000 Total liabilities and stockholders equity S15700,000 13.6