Current Attempt in Progress Using the following selected items from the comparative balance sheet of Blossom Company, illustrate horizontal (using 2020 as the base year) and vertical analysis. (Round vertical analysis to 1 decimal place, e.g. 15.2.) Accounts Receivable Inventory Total Assets December 31, December 31, 2021 2020 $722,250 449,400 3,210,000 $632,100 361,200 3,010,000 HORIZONTAL ANALYSIS December 31, 2021 % % % December 31, 2020 % % 100 % VERTICAL ANALYSIS December 31, 2021 100 % % % Decemb 202

Current Attempt in Progress Using the following selected items from the comparative balance sheet of Blossom Company, illustrate horizontal (using 2020 as the base year) and vertical analysis. (Round vertical analysis to 1 decimal place, e.g. 15.2.) Accounts Receivable Inventory Total Assets December 31, December 31, 2021 2020 $722,250 449,400 3,210,000 $632,100 361,200 3,010,000 HORIZONTAL ANALYSIS December 31, 2021 % % % December 31, 2020 % % 100 % VERTICAL ANALYSIS December 31, 2021 100 % % % Decemb 202

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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