Explain and calculate vertical and Horizontal Balance sheet of Artizia . As a CEO, what will your recommendation be

Aritzia lnc. Consolidated Statements of Financial Position As at February 2?. 2822 and February 28. 2821 {in thousands cl Canadian dollars) February 2?. February 28. Note 2822 2821 Assets Cash and cash equivalents 5 285.245 5 148.14? Accounts receivable 8.14? 5.282 Income taxes recoverable 8.455 4.?18 Inventory 5.5 288.125 181.821 Prepaid expenses and other current assets 1. 18 88.584 23.452 Total current assets 521.588 355.841 Property and equipment 8 228.188 188.558 Intangible assets 5.8 88.888 52.848 Goodwill 5.5 188.848 151.582 Rightofuse assets 5.8 882.888r 353.41 1' Other assets 4.281 2.885 Deferred tax as sets 28.458 15.884 Total assets 5 1.424.588 5 1.148.?3? Liabilities Accounts payable and accrued liabilities 18 5 188.844 5 181.883 Income taxes payable 58.81 T 8.28? Current portion of contingent consideration 5.18 8.818 - Current portion of lease liabilities 8 88.824 21.452 Deferred revenue 55.821 8T.553 Total current liabilities 888.825 248.185 Lease liabilities 8 417.88? 423.888 Other noncurrent liabilities 11 22.858 15.858 Contingent consideration 5.18 8.818 - Noncontrolling interest in exchangeable shares liability 5.18 85.588 - Deferred tax liabilities 5 24.888 11885 Longterm debt 12 - 24.855 Total liabilities 5 888.185 5 888.484 Shareholders' equity Share capital 14 5 251.281 5 228.555 Contributed surplus 58.842 55.585 Retained earnings 228.558 25.215 Accumulated other comprehensive loss [875] {224} Total shareholders' equity 588.811 358.258 Total liabilities and shareholders' equity 5 1.424.588 5 1.148.?3? Commitments and conljngencies [note 21) Aritzia Inc. Consolidated Statements of Changes in Shareholders' Equity For the years ended February 27, 2022 and February 28, 2021 Fiscal 2022 Annual Report | 59 (in thousands of Canadian dollars, except number of shares) Multiple Subordinate voting shares voting shares Accumulated other Total Contributed Retained comprehensive shareholders' Shares Amounts Shares Amounts surplus earnings income equity Balance, March 1, 2020 24,537,349 $ 17,737 84.811,212 $ 201,313 57,221 $ 56,476 (682) $ 332,065 Net Income 19,227 19,227 Options exercised (note 15) 643,922 9,707 (6,645) 3,062 Stock-based compensation expense on 6,030 6,030 equity-settled plans (note 15) Shares repurchased for cancellation (38,664) (92) (487) (579) Foreign currency translation adjustment 458 458 Balance, February 28, 2021 24, 537,349 $ 17,737 85, 416,470 $ 210,928 76,216 $ (224) $ 360,263 Net Income 156,917 156,917 Options exercised (note 15) 1, 328,799 23,044 (11,571) 11,473 Stock-based compensation expense on 11,307 equity-settled plans (note 15) 11,307 Shares exchange at secondary offering (note 14) (2,600,000) (1,879] 2,600,000 1,879 Shares repurchased for cancellation (note 14) (164,200] (418) (8, 580) (8,998] Foreign currency translation adjustment (151) (151) Balance, February 27, 2022 21,937,349 $ 15,858 89, 181,069 $ 235,433 56,342 223,553 (375) $ 530,811Aritzia Inc. Notes to Consolidated Financial Statements February 27. 2022 and February 28. 2021 [in thousands of Canadian dollars, unless otherwise noted} As part of the acquisition. the remaining shareholders of CYC exchanged their common shares for exchangeable shares. The exchangeable shares can be put back to CYC at specified future dates in May to August in each of 2024. 2025 and 2026, for a formula-based amount dependent on the future performance of CYC in exchange for shares of the Company, resulting in a liability {note 13]. The Company also has the ability to call the exchangeable shares in August 2026. The formulabased amount is subject to a capped enterprise value of CYC. As the exchangeable shares are a liability, the Company has treated the acquisition as an acquisition of a 100% interest in the entity. with the noncontrolling interest in exchangeable shares liabilily included in the fair value of the acquired assets and liabilities. The acquisition dale fair values are as follows: As at June 25. 2021 Fair value of consideration Cash paid 3 32,0?8 Contingent consideration (note 13} 13,23? 08.115 Assets acquired Cash $ 323 Accounts receivable 1,2\" Inventory 3,000 Prepaid expenses and other cu rrenl assets 303 Property and equipment 2,010 Intangible assets: Brand 26,200 Non-compete agreements 1,200 Goodwill {TAM Right-ofuse assets 8,264 $ 95,903 Liabilities assumed Accounts payable and accrued liabilities $ 1,110 Income taxes payable 1,031 Deferred revenue 208 Lease liabilities 8,284. Deferred tax liabilities 7,830 3 10,353 Net assets auired $ 19,015 Noncontrolling interest in exchangeable shares liability [note 13) {33.500} $ 3,115 Goodwill is attribute ble to the expected synergies to be achieved from integrating CYC into the Company's existing business. Goodwill is non-deductible for tax purposes