Question: Question 22 (7 points) Comparative data from the Statement of Financial Position is given below for ACME Corporation for the years 2021 and 2020. Required:

 Question 22 (7 points) Comparative data from the Statement of FinancialPosition is given below for ACME Corporation for the years 2021 and

Question 22 (7 points) Comparative data from the Statement of Financial Position is given below for ACME Corporation for the years 2021 and 2020. Required: 1. Using the table below, complete a Vertical Analysis. Round answers to 1 decimal place. (5 marks) 2. Using your analysis, provide two trends that you see and explain why the trend is positive or negative. (2 marks) Paragraph UA DO + V Part 1 Vertical Analysis 2021 Amount 2020 Amount % % Assets Cash Accounts Receivable Supplies Total Assets $82,000 38,000 6,000 $126,000 % % % % $64,000 40,000 9,000 $113,000 % % % % Liabilities Current liabilities $71,400 % $47,100 % positive or negative. (2 marks) Paragraph UA + ... Part 1 Vertical Analysis 2021 Amount 2020 Amount % % Assets Cash Accounts Receivable Supplies Total Assets $82,000 38,000 6,000 $126,000 % % % % $64,000 40,000 9,000 $113,000 % % % % Liabilities Current liabilities $71,400 % $47,100 % Part 2 Two trends with explanation

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