(Answered) 1 horizontal and vertical analysis presented on page 1370

Accounting

1. Horizontal and Vertical Analysis presented on page 1370 are comparative balance sheets for the Gilmour Company. (Round to two decimal places)

(a) Prepare a comparative balance sheet of Gilmour Company showing the percent each item is of the total assets or total liabilities and stockholders' equity.

(b) Prepare a comparative balance sheet of Gilmour Company showing the dollar change and the percent change for each item.

(d) Of what value is the additional information provided in part(b)?

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