Brief Exercise 12-59 Horizontal and Vertical Analysis Venus Clothing Company specializes in selling apparel for special occasions. In 2018 and 2019, Venus' account balances were as follows: 2019 2018 $32,000 Accounts receivable Merchandise Inventory Total assets $45,000 9.000 Net sales 375,000 330,000 145,000 11,000 340,000 260,000 185,000 Cost of goods sold Required: 1. Calculate the change in each of the Venus' accounts from 2018 to 2019 Accounts receivable 13,000 increase Merchandise inventory 2,000 decrease 35,000 Increase Net sales 70,000 increase Cost of goods sold 40,000 decrease 2. Indicate what happened from 2018 to 2019 to accounts receivable and merchandise inventory as a percentage of total assets. Round your answers to the nearest whole percent. Accounts receivable Increased from 9.40 X 2018 to 12 in 2019. Merchandise inventory decreased from 3.24 X in 2018 to 24 X in 2019 Indicate what happened from 2018 to 2019 to cost of goods sold as a percentage of net sales, Round your answers to the nearest whole percent Cost of goods sold decreased from 71.15 X in 2018 to 43.94 in 2019 Demetefence between the base year and the last year in all accounts 2. Die see by for years. Compare percentages Dedentory by osobyears Compare percentages Divide cost of goods sold by me for both years. Como preras