(a) Why are differences between two comparative horizontal statements frequently better shown in percentages rather than only in dollars? (5 points) (b) A restaurant owner expressed concern about the changes in the cash, credit card receiveables, and food and beverage inventories in the months of July and August of the current year. He wants you to show him the dollar changes and the percentage of change for each of these accounts using comparative horizontal analysis. (10 points)

ITEMS	JULY	AUGUST
Cash	$ 8,240.00	$ 6,592.00
Credit Card Receivables	$ 1,480.00	$ 2,398.00
Food Inventories	$ 4,680.00	$ 6,506.00
Beverage Inventories	$ 2,880.00	$ 2,448.00

Total Current Assets: $17,280.00; $17,944.00 (c) Complete a common-size vertical analysis for the month of July and August using the data from section (b) above. (10 points)