Perform vertical analysis on the balance sheet and provide comments on the results. Balance Sheet of

As of 30 June	2022	2021	2020
Assets
Current Assets
Cash and cash equivalents	23547	30817	30212
Accounts Receivable	265235	212345	180971
Inventories	356800	322,500	245,200
total current assets	645,582	565,662	456,383
Non-current assets
Fixed assets (net of depreciation)	786,082	590,467	698,258
Total Assets	1,431,664	1,156,129	1,154,641
Liabilities and Equity
Current Liabilities
Accounts Payable	170,540	119,873	115,800
Other Payables	17300	15200	13658
Total Current liabilities	187,840	135,073	129,458
Non Current liabilities
Long term borrowings	135,476	230,552	417,993
Total Liabilities	323,316	365,625	547,451
Equity
Equity Share Capital	450,435	450,435	450,435
Retained earnings	657,913	340,069	156,755
total equity	1,108,348	790,504	607,190
Total liabilities and equity	1,431,664	1,156,129	1,154,641
Closing Balance		2019
Accounts Receivable		185,000
accounts payable		114,523
total equity		455,000
total assets		1,255,000