Horizontal and vertical analyses are frequently used to analyze financial statements. |(i) What type of information or insights can be obtained by using horizontal analysis? (ii) What type of information or insights can be obtained by using vertical analysis? (iii)Provide one example of how the output of horizontal analysis can be compared to industry averages and/or competitive companies. |(iv)Provide one example of how the output of vertical analysis can be compared to industry averages and/or competitive companies