The comparative balance sheets of Cullumber Clothiers are as follows:
Cash
Accounts receivable
Inventory
Total assets
December 31, 2014
December 31, 2013
$76,800
$51,240
40,960
24,400
58.880
46,360
768,000
707,600
Perform horizontal analysis for CullumberClothiers. (If amount and percentage are a decrease show the numbers as negative, eg. -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
Amount
Percent
Amount
Percent
Cash
$76,800
%
$51,240
%
Accounts receivable 40,960
% 24,400
%
Inventory
58,880
% 46,360
%
Total assets
768,000
% 707,600
%