discharges are 70,000 for 20X0 and 65,000 for 20X1. Perform full horizontal and vertical analyses on the balance sheet. b. Perform full horizontal and vertical analyses on the income statement. c. Calculate every ratio described in the chapter for both years, and compare these with the benchmarks (Exhibit 4.16a). Discuss Williams' current financial position and future outlook based on these results the basis for the vertical analysis the year 20X0