FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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
Inventory
Total assets
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%)
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
588,000 568,400
37,240
568,400
Amount
Increase (Decrease)
Percentage
%
%
%
%
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Transcribed Image Text: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 Inventory Total assets 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%) 2014 Accounts receivable 31,360 $58,800 588,000 45,080 2013 $41,160 19,600 37,240 December 31, 2013 $41,160 19,600 588,000 568,400 37,240 568,400 Amount Increase (Decrease) Percentage % % % %
Perform vertical analysis forSandhillClothiers. (Round percentages to 1 decimal place, e.g. 12.1%.)
Cash
Accounts receivable
Inventory
Total assets
Amount
$58,800
31,360
45,080
588,000
2014
Percent
%
%
%
%
Amount
$41,160
19,600
37,240
568,400
2013
Percent
%
%
%
%
expand button
Transcribed Image Text:Perform vertical analysis forSandhillClothiers. (Round percentages to 1 decimal place, e.g. 12.1%.) Cash Accounts receivable Inventory Total assets Amount $58,800 31,360 45,080 588,000 2014 Percent % % % % Amount $41,160 19,600 37,240 568,400 2013 Percent % % % %
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