Using the following selected items from the comparative balance sheet of Kato Company, illustrate horizontal and vertical analysis. 
Definitions:
Pro Forma Financial Statements
Financial statements that project the future financial position of a company based on current data and assumptions about future events.
Worst-Case Scenarios
The most adverse, yet possible, outcomes that can occur under certain conditions.
Competitor Behavior
Actions and strategies employed by businesses in the same industry that influence market dynamics and competitive landscapes.
Accrual Accounting
An accounting method where income and expenses are recorded when they are earned or incurred, regardless of when the cash transaction takes place.
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