Question: Using the following selected items from the comparative balance sheet of Ames Company, illustrate horizontal and vertical analysis. (Round vertical analysis answers to 1

Using the following selected items from the comparative balance sheet of Ames Company, illustrate horizontal and vertical analysis. (Round vertical analysis answers to 1 decimal place, e.g. 15.2%.) HORIZONTAL ANALYSIS December 31, December 31, December 31, December 31, 2020 2019 2020 2019 Accounts Receivable $960,000 $600,000 Inventory 975,000 780,000 Total Assets 4,000,000 2,500,000 Using the following selected items from the comparative balance sheet of Ames Company, illustrate horizontal and vertical analysis. (Round vertical analysis answers to 1 decimal place, e.g. 15.2%.) HORIZONTAL ANALYSIS VERTICAL ANALYSIS December 31, December 31, December 31, December 31, 2020 2019 2020 2019

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