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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Bb1.
Transcribed Image Text: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,
2021
$722,250
449,400
3,210,000
December 31,
2020
$632,100
361,200
3,010,000
HORIZONTAL ANALYSIS
December 31,
2021
%
%
%
December 31,
2020
100
%
%
%
VERTICAL ANALYSIS
December 31,
2021
100
%
%
%
Decemb
202
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