Reference no: EM13569497

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