Question: The balance sheet for Federer Sports Apparel for 2013 and 2012 is presented below.
![1443_FSA.png](https://secure.tutorsglobe.com/CMSImages/1443_FSA.png)
Required: 1. Prepare a vertical analysis of the balance sheet data for 2013 and 2012. Express each amount as a percentage of total assets.
02. Prepare a horizontal analysis for 2013 using 2012 as the base year.