Using the following selected items from the comparative balance sheet of Carla Vista Company, illustrate horizontal (using 2020 as the base year) and vertical analysis. (Round vertical analysis to 1 decimal place, eg. 15.2.) Accounts Receivable Inventory Total Assets December 31, December 31, 2021 2020 $772,800 470,120 3,220,000 $688,560 416,760 3,020,000 HORIZONTAL ANALYSIS December 31, 2021 % % x I December 31. 2020 %

Using the following selected items from the comparative balance sheet of Carla Vista Company, illustrate horizontal (using 2020 as the base year) and vertical analysis. (Round vertical analysis to 1 decimal place, eg. 15.2.) Accounts Receivable Inventory Total Assets December 31, December 31, 2021 2020 $772,800 470,120 3,220,000 $688,560 416,760 3,020,000 HORIZONTAL ANALYSIS December 31, 2021 % % x I December 31. 2020 %

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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