Question: IV. Please prepare a vertical and horizontal analysis for the following statement of changes in debt and financial assets of the year 2020 and compare

IV. Please prepare a vertical and horizontal analysis for the following statement of changes in debt and financial assets of the year 2020 and compare it with the year 2019. Explain 2 of the most important issues. Please help me resolve this query by providing solution.

IV. Please prepare a vertical and horizontal analysis for the following statement

Statement of Changes in Debt and Financial Assets Year ended March 31, 2020, with comparative information for 2019 2020 2019 Budget (Note 10) $ (1,000,000) S 634,013 $ (1,223,698) (312,842) (534,828) Annual surplus (deficit) Acquisition of tangible capital assets Amortization of tangible capital assets Loss on disposal of tangible capital assets Change in prepaid expenses 50,000 131,609 63,186 77,763 (1,856) 90,189 Net changes in debt and financial assets (950,000) 528,687 (1,605,151) Net financial assets beginning of year 2,208,078 2,208,078 3,813,229 Net financial assets, end of year $ 1,258,078 S 2,736,765 $ 2,208,078

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