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Question 22 (7 points) Comparative data from the Statement of Financial Position is given below for ACME Corporation for the years 2021 and 2020. Required:
Question 22 (7 points) Comparative data from the Statement of Financial Position is given below for ACME Corporation for the years 2021 and 2020. Required: 1. Using the table below, complete a Vertical Analysis. Round answers to 1 decimal place. (5 marks) 2. Using your analysis, provide two trends that you see and explain why the trend is positive or negative. (2 marks) Paragraph UA DO + V Part 1 Vertical Analysis 2021 Amount 2020 Amount % % Assets Cash Accounts Receivable Supplies Total Assets $82,000 38,000 6,000 $126,000 % % % % $64,000 40,000 9,000 $113,000 % % % % Liabilities Current liabilities $71,400 % $47,100 % positive or negative. (2 marks) Paragraph UA + ... Part 1 Vertical Analysis 2021 Amount 2020 Amount % % Assets Cash Accounts Receivable Supplies Total Assets $82,000 38,000 6,000 $126,000 % % % % $64,000 40,000 9,000 $113,000 % % % % Liabilities Current liabilities $71,400 % $47,100 % Part 2 Two trends with explanation
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