balance sheet and income statement							vertical analysis				Horizontal Analysis
ABC company							percentages		change in %		difference		percentage
				2015	2016		2015	2016	from year to year		2016-2015		base 2015
balance sheet							balance sheet				balance sheet
cash				460	300		22.12%	19.87%	2.25%		(160.00)		-35%
AR				620	480		29.81%	31.79%	1.98%		(140.00)		-23%
inventory				1000	730		48.08%	48.34%	0.27%		(270.00)		-27%
total assets				2080	1510		100%	100%	0.00%		(570.00)		-27%
account payable				580	310		27.88%	20.53%	7.35%		(270.00)		-47%
notes payable				500	100		24.04%	6.62%	17.42%		(400.00)		-80%
commmon stock				400	400		19.23%	26.49%	7.26%		0.00		0%
retained earnings				600	700		28.85%	46.36%	17.51%		100.00		17%
total liabilites and stockholderss equity				2080	1510		100.00%	100.00%	0.00%		(570.00)		-27%
income Statement							income statement				income statement
net sales				550	840		100%	100%	0.00%		290.00		53%
COGS				120	160		21.82%	19.05%	2.77%		40.00		-33%
gross margin				430	680		78.18%	80.95%	2.77%		250.00		58%
expenses							expense				expense
salaries				100	150		18.18%	17.86%	0.32%		50.00		50%
warehousing costs				80	120		14.55%	14.29%	0.26%		40.00		50%
advertising				60	90		10.91%	10.71%	0.19%		30.00		50%
taxes				45	75		8.18%	8.93%	0.75%		30.00		67%
total expenses				285	435		51.82%	51.79%	0.03%		150.00		53%
net income				145	245		26.36%	29.17%	2.80%		100.00		69%
what accounts would indicate there is fraud? Explain.