1) Based on the onformation below prepare a horizontal analysis?
2) Based on the information below prepare a vertical analysis?
Balance Sheet as of Dec. 31, 201Y Dec. 31, 201X
Assets Current Assets:
Cash $12,000 $9,000
Total Current Assets 12,000 9,000
Vehicle (net) 9,000 9,600
Total Long Term Assets 9,000 9,600
Total Assets $21,000 $18,600
Liabilities
Current Liabilities:
Accounts Payable $5,000 $4,600
Total Current Liabilities 5,000 4,600
Total Liabilities 5,000 4,600
Equity:
Contributed Capital 10,000 10,000
Retained Earnings 6,000 4,000
Total Equity 16,000 14,000
Total Liabilities & Equity $21,000 $18,600