Horizontal Analysis Mike Sanders is considering the purchase of Kepler Company, a firm specializing in the manufacture of office supplies. To be able to assess the financial capabilities of the company, Mike has been given the company's financial statements for the 2 most recent years. Kepler Company Comparative Balance Sheets This Year Last Year Assets Current assets: Cash $50,000.00 $100,000.00 Accounts receivable, net 300,000.00 150,000.00 Inventory 600,000.00 400,000.00 Prepaid expenses Total current assets Property and equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable $1,100,000.00 $830,000.00 $400,000.00 $290,000.00 25,000.00 30,000.00 $975,000.00 $680,000.00 125,000.00 150,000.00