erform vertical and horizontal analysis. P12-3. P12-3 The balance sheets for Sports

Perform vertical and horizontal analysis. perform vertical and horizontal analysis (tg L0121, 122) P123 The balance sheets for Sports Unlimited for 2024 and 2023 are provided below. SPORTS UNLIMITED Balance Sheets For the years ended December 31 Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Longterm liabilities: Notes payable Stockholders' equity Common stock Retained earnings Total liabilities and equity Required: l. prepare a vertical analysis of Sports Unlimited's 2024 and 2023 balance sheets. Express each amount as a percentage of total assets for that 2- Prepare a horizontal analysis Of SIXjrts Unlimited's 2024 balance sheet using 2023 as the base year. 2024 S103.SOO 46,800 44.550 7.200 54.900 117.450 106.200 (30.600) S450.ooo s 30.150 7.200 12.150 138.150 144.000 118.3SO S450.ooo P12-3. 2023 s 70.400 32,000 71,200 3.600 141.600 102.000 (20,800) "00.000 s 46.800 3.600 10,000 127,600 144.000 68.000 "00.000