The comparative balance sheets of CullumberClothiers are as follows: December 31, 2014 December 31, 2013 Cash $76,800 $51,240 Accounts receivable 40,960 24,400 Inventory 58,880 46,360 Total assets 768,000 707,600
Perform horizontal analysis for CullumberClothiers. If amount and percentage are a decrease, show the numbers as negative, e.g. -55,000, -20% or (55,000)(20%). Round percentages to 1 decimal place, e.g. 12.1%
Increase(Decrease) 2014 2013 Amount Percentage Cash $76,800 $51,240 % Accounts receivable 40,960 24,400 % Inventory 58,880 46,360 % Total assets 768,000 707,600
Perform vertical analysis for CullumberClothiers. (Round percentages to 1 decimal place, e.g. 12.1%) 2014 2013 Percent Amount Percent Amount Cash $76,800 % $51,240 Accounts receivable 40,960 % 24,400 % Inventory 58,880 % 46,360 % Total assets 768,000 % 707,600 %