Explain please!

The balance sheets for Federer Sports Apparel for 2025 and 2024 are presented below.

Required information Exercise 12-4 (Algo) Prepare vertical and horizontal analyses (LO12-1, 12-2) [The following information applies to the questions displayed below.] The balance sheets for Federer Sports Apparel for 2025 and 2024 are presented below. Exercise 124 (Algo) Part 1 Required: - Prepare a vertical analysis of the balance sheet data for 2025 and 2024. Express each amount as a percentage of total issets. (Amounts to be deducted should be indicated by a minus sign. Round your answers to 1 decimal place.) Required information Exercise 12-4 (Algo) Prepare vertical and horizontal analyses (LO12-1, 12-2) [The following information applies to the questions displayed below.] The balance sheets for Federer Sports Apparel for 2025 and 2024 are presented below. Exercise 124 (Algo) Part 2 2. Prepare a horizontal analysis for 2025 using 2024 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.)