d. Um 6. Having completed a horizontal anak JU W te chain units' %. Is it higher or lower? What does this mean? pleted the vertical analysis of her balance sheet (from Question 5). Rachel now wants to complete a al analysis of her balance sheet comparing last year to this year. Help Rachel complete her horizontal analysis and then answer the questions that follow. 150 Chapter & The Bronce Sheet Change Last Year (5) This Year (5) Rachel Restaurant Balance Sheet December 31 Last Year Versus This Year ASSETS 63019 104.615 68,000 R65 57,517 130.769 80.000 34,545 Marketable Sec Net Rechables Investor Tool Current Arts Investments Property and Equipment Land Building Furnishings and Equipment Les Accumulated Depreciation Net Property and Equipment Other Assets TOTAL ASSETS 206,055 418,665 267,223 142.710 206.053 418,665 205,556 135,129 12,651 15,814 LIABILITIES AND OWNERS' EQUITY 142,439 Current Liabilities Accounts Payable Notes Payable Other Current Liabilities Total Current Liabilities 258,354 38,286 192,279 31.905 147907 Long-Term Liabilities Long-Term Debt 102.560 218,272 Total Liabilities Owners' Equity Common Stock Paid in Capital Retained Earnings Total Owners' Equity 102.631 421,621 254.666 78,947 324,324 318,333 TOTAL LIABILITIES AND OWNERS EQUITY 2. Rachel wanted to try to decrease her accounts receivable this year. Did she do this b. Rachel wanted to try to reduce her inventories this year to be more in line with the che Did she do this? in line with the chain's average inventories. Test Your Skills 151 c Rachel wanted to reduce her accounts payable this year. Did she do this? d. Rachel wanted to pay off more of her total current liabilities this year. Did she do this? e. Based on the changes reported in her balance sheet, do you think Rachel's restaurant likely made a profit last year? Why or why not