Horizontal Analysis The comparative temporary investments and inventory balances of a company follow. Current Year Previous Year Accounts payable $51,700 $47,000 Long-term debt 61,335 70,500 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? Accounts payable Amount of Change Increase/Decrease Percentage $ % Long-term debt Vertical Analysis Income statement information for Einsworth Corporation follows: Sales Cost of goods sold Gross profit $590,000 153,400 436,600 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 Sales Cost of goods sold Gross profit Amount Percentage $590,000 153,400 $436,600 % Current Position Analysis The following items are reported on a company's balance sheet: Cash $146,000 Marketable securities 114,100 Accounts receivable 98,500 (net) Inventory 97,800 Accounts payable 326,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio b. Quick ratio Accounts Receivable Analysis A company reports the following: Sales $613,200 Average accounts receivable (net) 29,200 Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year. a. Accounts receivable turnover b. Number of days' sales in receivables days Inventory Analysis A company reports the following: Cost of goods sold $365,000 Average inventory 91,250 Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year. a. Inventory turnover b. Number of days' sales in inventory days