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Using the fol lowing selected items from the comparative balance sheet of Sandhill Company, illustrate horizontal (using 2020 as the base year) and vertical analysis.
Using the fol lowing selected items from the comparative balance sheet of Sandhill Company, illustrate horizontal (using 2020 as the base year) and vertical analysis. (Round vertical analysis to 1 decimal place, as. 15.2.) HORIZONTAL ANALYSIS December 31, December 31, December 31, December 31, 2021 2020 2021 2020 Accounts Receivable $778,430 $693,870 % % Inventory 471,580 421,170 % % Total Assets 3,230,000 3,030,000 % % HORIZONTAL ANALYSIS VERTICAL ANALYSIS December 31, December 31, December 31, December 31, 2021 2020 2021 2020 % % % % % % % % % % % %
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