The comparative balance sheets of SandhillClothiers are as follows:CashAccounts receivableInventoryTotal assetsCashDecember 31, 2014$58,80031,36045,080InventoryTotal assetsPerform horizontal analysis for SandhillClothiers. (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,eg. 12.1%)2014Accounts receivable 31,360$58,800588,00045,0802013$41,16019,60037,240December 31, 2013$41,16019,600588,000 568,40037,240568,400AmountIncrease (Decrease)Percentage%%%% Perform vertical analysis forSandhillClothiers. (Round percentages to 1 decimal place, e.g. 12.1%.)CashAccounts receivableInventoryTotal assetsAmount$58,80031,36045,080588,0002014Percent%%%%Amount$41,16019,60037,240568,4002013Percent%%%%

The comparative balance sheets of SandhillClothiers are as follows: Cash Accounts receivable Inventory Total assets Cash December 31, 2014 $58,800 31,360 45,080 Perform horizontal analysis for SandhillClothiers. (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, eg. 12.1%) Inventory Total assets 2014 Accounts receivable 31,360 $58,800 588,000 45,080 2013 $41,160 19,600 37,240 December 31, 2013 $41,160 19,600 37,240 568,400 588,000 568,400 Amount Increase (Decrease) Percentage % % % %

The comparative balance sheets of SandhillClothiers are as follows: Cash Accounts receivable Inventory Total assets Cash December 31, 2014 $58,800 31,360 45,080 Perform horizontal analysis for SandhillClothiers. (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, eg. 12.1%) Inventory Total assets 2014 Accounts receivable 31,360 $58,800 588,000 45,080 2013 $41,160 19,600 37,240 December 31, 2013 $41,160 19,600 37,240 568,400 588,000 568,400 Amount Increase (Decrease) Percentage % % % %

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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