Comment on the significant changes disclosed by the comparative balance sheet. In your analysis include:

1. The main findings from the horizontal analysis and vertical analysis
2. An interpretation of what each of the ratios mean for Great Road Trips.
3. The advantages and limitations of each of the ratios.

Horizontal Analysis Increase or Decrease % Vertical Analysis 2020 30/6/20 30/6/19 Current Assets Cash Accounts Receivable Less: Allowance for Bad Debts Supplies Prepaid Insurance Total Current Assets Non-current Assets Vehicles Less: Accumulated Depreciation Total Non-current Assets TOTAL ASSETS 90000 30000 -3900 200 1320 117620 85000 40000 -2400 300 1200 124100 5000 INCREASE -10000 DECREASE -1500 DECREASE -100 DECREASE 120 INCREASE -6480 DECREASE 5.88% -25.00% 62.50% -33.33% 10.00% -5.22% 53.69% 17.90% -2.33% 0.12% 0.79% 70.17% 60000 -10000 50000 167620 40000 -4000 36000 160100 20000 INCREASE -6000 DECREASE 14000 INCREASE 7520 INCREASE 50.00% 150.00% 38.89% 4.70% 35.80% -5.97% 29.83% 100.00% 15000 9000 20000 7000 27000 -5000 DECREASE 2000 INCREASE -3000 DECREASE -25.0% 28.6% -11.1% 8.9% 5.4% 14.3% 24000 Current Liabilities Accounts Payable Unearned Revenue Total Current Liabilities Non-current Liabilities Long-term Loan Total Non-current Liabilities TOTAL LIABILITIES 25000 25000 49000 5000 5000 32000 20000 INCREASE 20000 INCREASE 17000 INCREASE 400.0% 400.0% 53.1% 14.9% 14.9% 29.2% Shareholder's Equity Contributed Capital Retained Earnings Total Shareholder's Equity 50000 68620 118620 40000 88100 128100 10000 INCREASE -19480 DECREASE -9480 DECREASE 25.0% -22.1% -7.4% 29.8% 40.9% 70.8% Total Liabilities and Shareholder's Equit 167620 160100 7520 INCREASE 4.7% 100.0%