Question: The balance sheet for Virtual Gaming Systems for 2012 and 2011 is provided below.
![946_VGS.png](https://secure.tutorsglobe.com/CMSImages/946_VGS.png)
Required: 1. Prepare a vertical analysis of Virtual Gaming Systems' 2012 and 2011 balance sheets. Express each amount as a percentage of total assets for that year.
2. Prepare a horizontal analysis of Virtual Gaming Systems' 2012 balance sheet using 2011 as the base year.