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

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Using the following selected items from the comparative balance sheet of Crane Company, illustrate horizontal (using 2020 as the base year) and vertical analysis. (Round vertical analysis to 1 decimal place, eg. 15.2.) December 31 2021 December 31, 2020 HORIZONTAL ANALYSIS December 31 December 31. 2021 2020 Accounts Receivable $788,120 $ 700,640 % 96 Inventory 474,810 428,840 % 96 Total Assets 3,230,000 3,020,000 96 %6 Using the following selected items from the comparative balance sheet of Crane Company, illustrate horizontal (using 2020 as the base year) and vertical analysis. (Round vertical analysis to 1 decimal place, eg. 15.2.) HORIZONTAL ANALYSIS December 31, December 31 2021 2020 VERTICAL ANALYSIS December 31. December 31, 2021 2020 96 % 96 96 %% 96 % % % 96 96

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