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Question - Below is the partial balance sheet for Gabi Gold Limited:
December 31, 2021 December 31, 2020
Accounts Receivable $ 110,000 $ 140,000
Inventory 80,000 95,000
Total assets 335,000 376,000
Instructions - Using the items from the comparative balance sheet of Gabi Gold Limited, illustrate horizontal and vertical analysis. Discuss the results of each type of analysis.
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