Cameron's Accounts 20x9 20x8 Cash and cash equivalents Receivables $ 5,550 1,813 5,094 1,611 1,500 1,324 Inventory Prepaid expenses 1,709 2,120 $ $ 10,325 10,396 18,500 15.737 $ $ $ $ Total current assets Other assets Total assets Total current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and equity Sales Cost of sales (COGS) Operating expenses Operating income 28,896 7,230 4,798 6,568 10,300 26,062 8,467 3,792 4.363 9,440 $ 26,062 $ $ 28,896 25,000 7,055 7,065 $ 6,821 Interest expense Income tax expense 210 2,563 8,107 Net income $ Horizontal analysis of Cameron's balance sheet for 20x9 would report (amounts rounded) Cash and cash equivalents as 19.2% of Total assets. Inventory Turnover of 5 times. 13.39 decrease in Merchandise inventory. 11.7% decrease in Merchandise inventory