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Using the following selected items from the comparative balance sheet of Cullumber Company, illustrate horizontal (using 2020 as the base year) and vertical analysis.

Using the following selected items from the comparative balance sheet of Cullumber Company, illustrate horizontal (using 2020 as the base year) and vertical analysis. (Round vertical analysis to 1 decimal place, e.g. 15.2.) HORIZONTAL ANALYSIS December 31, 2021 December 31, 2020 December 31, December 31, 2021 2020 ounts Receivable $753,480 $670,440 % % entory 463,680 398,640 % % al Assets 3,220,000 3,020,000 % % eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer

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