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

Using the following selected items from the comparative balance sheet of Cullumber Company, illustrate horizontal (using 2020 as the base year) and vertical analysis. (Round vertical analysis to 1 decimal place, es. 15.2) HORIZONTAL ANALYSIS December 31 2021 December 31, 2020 VERTICAL ANALYSIS December 31 December 31 2021 2020 109.1 % 100 % % 225 96 124,3 % 100 % %6 106.7 % 100 % OK % % Using the following selected items from the comparative balance sheet of Cullumber 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 $722.250 $662.200 109.1 %6 100 96 452,610 364.210 Inventory 124,3 % 100 % 3,010,000 106,7 3.210,000 100 % Total Assets 96
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