Here is financial information for Ride Away Inc.

(SO 4)

December 31, 2007 December 31, 2006 Current assets $128,000 $ 80,000 Plant assets (net) 400,000 360,000 Current liabilities 91,000 65,000 Long-term liabilities 144,000 90,000 Common stock, $1 par 138,000 115,000 Retained earnings 155,000 170,000 Prepare vertical analysis. Thatletiahe

(SO 5)

Prepare a schedule showing a horizontal analysis for 2007 using 2006 as the base year.