(Net Income divided by the equity) Vertical Analysis reveals that a large percentage of the total assets are in the buildings and properties (2000-91.4%, 1999-88.5%). This would not be out of the ordinary for many campgrounds as they rely heavily on the fixed assets to provide income. ... Income Statement and Analysis Listed below is an income statement for 1998 and 1999. This statement also includes vertical and horizontal analysis for the campground and from the industry average. (Bourdette, 2003) Income StatementAnd Analysis 1998 1999 Horizontal Analysis 1998 Vertical Analysis 1999 V...

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• Grade Level: High School