Horizontal Analysis

The comparative temporary investments and inventory balances of a company follow.

	Current Year	Previous Year
Accounts payable	$57,630	$51,000
Long-term debt	36,992	54,400

Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis?

	Amount of Change	Increase/Decrease	Percentage
Accounts payable	$		%
Long-term debt	$		%

Vertical Analysis

Income statement information for Einsworth Corporation follows:

Sales	$556,000
Cost of goods sold	155,680
Gross profit	400,320

Prepare a vertical analysis of the income statement for Einsworth Corporation. If required, round percentage answers to the nearest whole number.

Einsworth Corporation
Vertical Analysis of the Income Statement
	Amount	Percentage
Sales	$556,000	%
Cost of goods sold	155,680	%
Gross profit	$400,320	%