Question: Using the following selected items from the comparative balance sheet of Diver Company, illustrate horizontal and vertical analysis. December 31, 2010 December 31, 2009 Accounts

Using the following selected items from the comparative balance sheet of Diver Company, illustrate horizontal and vertical analysis.

December 31, 2010 December 31, 2009

Accounts Receivable. $ 750,000 $ 625,000 Inventory $ 975,000 $750,000 Total Assets $4,020,000 $3,000,000

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