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Below Is the Partial Balance Sheet for Gabi Gold Limited

Question 146

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Below is the partial balance sheet for Gabi Gold Limited:  December 31,2021 December 31,2020Accounts Receivable.....................$110,000$140,000Inventory......................................80,00095,000Total Assets..................................335,000376,000\begin{array}{lcc}&\text { December } 31,2021 & \text { December } 31,2020 \\\text{Accounts Receivable.....................}&\$ 110,000 & \$ 140,000 \\\text{Inventory......................................}&80,000 & 95,000 \\\text{Total Assets..................................}&335,000 & 376,000\end{array} 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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