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Horizontal-vertical analysis-balance sheet of solver company

Problem: Using the following selected items from the comparative balance sheet of Solver Company, illustrate horizontal and vertical analysis.

                             December 31, 2006    December 31, 2005
Accounts Receivable    $ 870,000    $ 600,000
Inventory                      950,000   750,000
Total Assets                4,100,000    3,000,000

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Accounting Basics: Horizontal-vertical analysis-balance sheet of solver company

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Accounting Basics: Horizontal-vertical analysis-balance sheet of solver company

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