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Please only do the horizontal anaylsis. Using the following selected items from the comparative balance sheet of Kato Company, illustrate horizontal and vertical analysis. (Round

Please only do the horizontal anaylsis.

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Using the following selected items from the comparative balance sheet of Kato Company, illustrate horizontal and vertical analysis. (Round answers to 1 decimal place, e.g. 15.2.) HORIZONTAL ANALYSIS VERTICAL ANALYSIS December 31, December 31, December 31, 2017 December 31, 2016 December 31, 2017 December 31, 2016 2017 2016 Accounts Receivable $ 720,000 630,000 12 % 14 % 22.5 % 21.0 % Inventory 450,000 360,000 20 % 25 i 96 14.0 % 12.01 % Total Assets 3,200,000 3,000,000 100.01 % 100.0 %

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