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 Accounts receivable Merchandise inventory Total assets $45,000 9,000 $32,000 11,000 340,000 260,000 185,000 375,000 330,000 145,000 Net sales Cost of goods sold Required: 1. Calculate the change in each of the Venus' accounts from 2018 to 2019. Accounts receivable Merchandise inventory Totalt Net sales Cost of goods sold 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 from in 2018 to in 2019 Merchandise inventory from in 2018 to 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 from in 2018 to in 2019 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 $45,000 9,000 Accounts receivable Merchandise inventory Total assets Net sales Cost of goods sold $32,000 11,000 340,000 375,000 330,000 260,000 145,000 185,000 Required: 1. Calculate the change in each of the Venus' accounts from 2018 to 2019, Accounts receivable Merchandise inventory dropdown increase Total assets decrease Net sales Cost of goods sold 2. Indicate what happened from 2018 to 2019 to accounts receivable and merchandise inventory as a percentage of total assets. Round your an Accounts receivable from % in 2018 to % in 2019. Merchandise inventory from in 2018 to % 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 1% in 2018 to % in 2019. from Venus Clothing Company specializes in selling apparel for special occasions. In 2018 and 2019, Venus' account balances were as follow 2019 $45,000 9,000 Accounts receivable Merchandise inventory Total assets Net sales Cost of goods sold 2018 $32,000 11,000 340,000 260,000 185,000 375,000 330,000 145,000 Required: $ 1. Calculate the change in each of the Venus' accounts from 2018 to 2019. Accounts receivable Merchandise inventory Total assets Net sales Cost of goods sold 2. Indicate what happened from 2018 to 2019 to accounts receivable and merchandise inventory as a percentage of total assets. Round Accounts receivable % in 2018 to % in 2019. Merchandise inventory % in 2019. decreased Indicate what happened from to cost of goods sold as a percentage of net sales. Round your answers to the nearest whole p increased Cost of goods sold % in 2018 to % in 2019. from from % in 2018 to from