Horizontal and Vertical Analysis Accounts Receivable Inventory Total Assets December 31, 2015 $960 000 920 000 4 000 000 December 31, 2014 $600 000 750 000 3 000 000 Using the above data taken from the comparative balance sheet of Hargrove Corporation, complete a horizontal analysis comparing 2015 to the base year 2014. Using the above data from the comparative balance sheet of Hargrove Corporation, complete a vertical analysis that will compare accounts receivable and inventory to total assets for each year. What conclusions can you draw (are the trends favorable or unfavorable)?