Below is the partial balance sheet for Abbott Limited: 
Instructions
Using the following selected items from the comparative balance sheet of Abbott Limited, illustrate horizontal and vertical analysis. Discuss the results of each type of analysis.
Definitions:
Happiness
A state of well-being and contentment, often considered as an aim of human life.
Satisfaction
The fulfillment of one's wishes, expectations, or needs, or the pleasure derived from this.
Budget Line
An illustrative depiction of every possible pairing of two items that could be bought within a set budget at unchanging prices.
Slope
A measure of the steepness or incline of a line, often calculated as the ratio of the vertical change to the horizontal change between two points on the line.
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