Comparative data from the balance sheet of lululemon athletica are shown below.

Instructions
(a) Using horizontal analysis, calculate the percentage change for 2012.
(b) Using vertical analysis, calculate the percentage of the base amount for each year.
(c) Based on your calculations in (a) and (b), identify any significant changes from 2011 to 2012?

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LULULEMON ATHLETICA INC Balance Sheet January 29, 2012, and January 30, 2011 (in U.S. thousands) Assets Current assets Non-current assets 2012 $527,093 207,541 $734,634 2011 $389,279 110,023 $499,302 Total assets iabilities and Shareholde $103,439 25,014 128,453 606,181 $734,634 $ 85,364 19,645 105,009 394,293 $499,302 Current liabilities Non-current liabilities Total liabilities Shareholders' equity Total liabilities and shareholders equity