For this assignment, due in Module Four, you will submit both a horizontal and vertical analysis of Starbucks’accounts receivable, fixed assets, and debt financing.Use basic financial analysis to examine any horizontal and any vertical changes inStarbucks’accounts receivable, fixed assets, and debt financing balances over time. Be sure also to discuss howStarbucks’methods for accounting for receivables and evaluating uncollectible receivables, purchase of fixed assets, and methods of debt financing impact the recording process and presentation of financial statements (Critical Element II). In other words, what are thiscompany’smethods for accounting for receivables and evaluating uncollectible receivables? What types of fixed assets are acquired, and what methods are preferred for debt financing? How do those affect how financial information is communicated?Specifically, the following critical elements must be addressed:II.Horizontal and Vertical Analysis:In this section, you will conduct horizontal and vertical analyses for the balance sheet and income statement accounts and report any significant observations for a two-year period. You should include a table of your calculations as an appendix to your analysis. Include all calculations in an Excel document. Specifically discuss the following categories:AccountsReceivable:Use basic financial analysis to examine anyhorizontalchanges in Starbucks’ accounts receivable balances over time.Use basic financial analysis to examine anyverticalchanges in Starbucks’ accounts receivable balances over time.Analyze how Starbucks’methodsfor accounting for receivables and evaluating uncollectible receivables impact the recording process andpresentation of financial statements. In other words, what are this company’s methods for accounting for receivables and evaluatinguncollectible receivables, and how do those affect how financial information is communicated?AssetAcquisition, Depreciation, and Amortization:Use basic financial analysis to examine anyhorizontalchanges in Starbucks’ fixed assets, intangible assets, depreciation, and amortizationover time.Use basic financial analysis to examine anyverticalchanges in Starbucks’ fixed assets, intangible assets, depreciation, and amortizationover time.Analyze Starbucks’methodsfor fixed asset and intangible asset acquisitions as well as depreciation and amortization, including asset categorization. How do these methods affect the balance sheet, income statement, and statement of cash flows?DebtFinancingUse basic financial analysis to examine anyhorizontalchanges in Starbucks’ short- and long-term debt over time.Use basic financial analysis to examine anyverticalchanges in Starbucks’ short- and long-term debt over time.Analyze Starbucks’methodof debt financing. In your analysis, you should address both current and long-term liabilities, including theissuance of bonds.