Question: E 1 3 - 1 ( Algo ) Preparing and Interpreting a Schedule for Horizontal and Vertical Analyses [ LO 1 3 - 2 ,

E13-1(Algo) Preparing and Interpreting a Schedule for Horizontal and Vertical Analyses [LO 13-2, LO 13-3, LO 13-5]
The average price of a gallon of gas in 2021($3.01) was up $0.84(38.7 percent) from $2.17 in 2020.
Required:
1. Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages for the income statement of Tiger Industries for the year ended December 31,2021(amounts in billions).
2-a. Conduct a vertical analysis by expressing each line as a percentage of total revenues.
2-b. Did Tiger earn more gross profit per dollar of revenue in 2021 compared to 2020?

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