Question: Using the following selected items from the comparative balance sheet of Wildhorse 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 Wildhorse Company, illustrate horizontal (using 2020 as the base year) and vertical analysis. (Round vertical analysis to 1 decimal place, eg. 15.2) HORIZONTAL ANALYSIS December 31, 2021 December 31, 2020 December 31, 2021 December 31, 2020 Accounts Receivable $781,660 $694,600 % % Inventory 471,580 422,800 % x Total Assets 3,230,000 3,020,000 % %

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