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Illustrate horizontal and vertical analysis

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Reference no: EM132691472

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.

Reference no: EM132691472

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