1. Prepare a vertical analysis of the balance sheet data for 2022 and 2021. Express each amount as a percentage of total assets. (Amounts to be deducted should be indicated by a minus sign. Round your answers to 1 decimal place.)

2. Prepare a horizontal analysis for 2022 using 2021 as the base year. (Note: If the percentage increase or decrease cannot be calculated, then leave the cell blank. Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.)

1 ! Required information [The following information applies to the questions displayed below.] Part 1 of 2 The balance sheets for Federer Sports Apparel for 2022 and 2021 are presented below. 7.5 points eBook Required: 1. Prepare a vertical analysis of the balance sheet data for 2022 and 2021. Express each amount as a percentage of total assets. (Amounts to be deducted should be indicated by a minus sign. Round your answers to 1 decimal place.) Hint FEDERER SPORTS APPAREL Balance Sheet December 31 2022 Ask 2021 Amount % Amount % a do Print Assets Cash $ 800,000 1,200,000 Accounts receivable References $ 2,300,000 1,500,000 2,800,000 11,000,000 (2,000,000) $ 15,600,000 1,700,000 11,000,000 (1,000,000) $ 13,700,000 Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity $ 1,700.000 $ 1,450,000 1,500,000 8,000,000 4,650.000 $ 15,600,000 8,000,000 4.000.000 $ 13,700,000 Mc Graw Hill Prey 1 2 of 6 Next > 2 Required information (The following information applies to the questions displayed below.) Part 2 of 2 The balance sheets for Federer Sports Apparel for 2022 and 2021 are presented below. 7.5 points 2. Prepare a horizontal analysis for 2022 using 2021 as the base year. (Note: If the percentage increase or decrease cannot be calculated, then leave the cell blank. Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) eBook Hint FEDERER SPORTS APPAREL Balance Sheet December 31 Year 2022 2021 Ask Increase (Decrease) Amount % Assets Print References $ 2,300,000 $ 800,000 1,500,000 1,200,000 2,800,000 1,700,000 11,000,000 11,000,000 (2,000,000) (1,000,000) $ 15,600,000 $ 13,700,000 Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and stockholders' equity $ 1,450,000 $ 1,700,000 1,500,000 8,000,000 8.000.000 4,650,000 4.000.000 $ 15,600,000 $ 13,700,000 Mc Graw Hill