Using the following selected items from the comparative statements of financial position of Anders Company, illustrate horizontal and vertical analysis. 
Definitions:
Partial Equilibrium
An economic analysis that considers only a part of the market or assumes that other markets remain unaffected.
Equilibrium Conditions
The state in a market where the supply of goods matches demand, with no incentive for change in price or quantity.
Technological Change
Innovations and improvements in technology that typically increase productivity and efficiency.
Automobile Industry
A sector of the economy focused on the manufacturing, designing, and marketing of motor vehicles.
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