Question: Using the following selected items from the comparative balance sheet of Carla Vista Company, illustrate horizontal (using 2020 as the base year) and vertical analysis.
Using the following selected items from the comparative balance sheet of Carla Vista 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 | VERTICAL ANALYSIS | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| December 31, 2021 | December 31, 2020 | December 31, 2021 | December 31, 2020 | December 31, 2021 | December 31, 2020 | ||||||||||
| Accounts Receivable | $728,670 | $641,130 | enter percentages | % | enter percentages | % | enter percentages rounded to 1 decimal place | % | enter percentages rounded to 1 decimal place | % | |||||
| Inventory | 459,030 | 382,270 | enter percentages | % | enter percentages | % | enter percentages rounded to 1 decimal place | % | enter percentages rounded to 1 decimal place | % | |||||
| Total Assets | 3,210,000 | 3,010,000 | enter percentages | % | enter percentages | % | enter percentages rounded to 1 decimal place | % | enter percentages rounded to 1 decimal place | % | |||||
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