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Current Attempt in Progress The comparative balance sheets of OrioleClothiers are as follows: Cash Accounts receivable Inventory Total assets December 31, 2014 December 31,
Current Attempt in Progress The comparative balance sheets of OrioleClothiers are as follows: Cash Accounts receivable Inventory Total assets December 31, 2014 December 31, 2013 $52,800 $35,280 28,160 16,800 40,480 31,920 528,000 487,200 Perform horizontal analysis for OrioleClothiers. (If amount and percentage are a decrease show the numbers as negative, e.g.) -55,000, -20% or (55,000), (20% ). Round percentages to 1 decimal place, e.g. 12.1 %. ) Increase (Decrease) 2014 2013 Amount Percentage Cash $52,800 $35,280 17520 49.7 % Accounts receivable 28,160 16,800 11360 67.6 % Inventory 40,480 31,920 8560 26.8 % Total assets 528,000 487,200 40800 8.4 %
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