Question: Using the following selected items from the comparative balance sheet of Sandhill Company, illustrate horizontal (using 2020 as the base year) and vertical analysis.

Company, illustrate horizontal (using 2020 as the base year) and vertical analysis.

Using the following selected items from the comparative balance sheet of Sandhill Company, illustrate horizontal (using 2020 as the base year) and vertical analysis. (Round vertical analysis to 1 decimal place, e.g. 15.2.) HORIZONTAL ANALYSIS December 31, 2021 December 31, 2020 December 31, 2021 December 31, 2020 Accounts Receivable $778,430 $693,870 do % Inventory 471,580 421,170 % do Total Assets 3,230,000 3,030,000 do % % do % do % VERTICAL ANALYSIS December 31, 2021 December 31, 2020 do % % do % % % do %

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