Horizontal and Vertical Analysis

Plato Clothing Company specializes in selling apparel for special occasions. In 2022 and 2023, Plato's account balances were as follows:

2023

$114,750

19,800

236,880

176,800

115,340

2022

$67,500

18,000

187,500

214,500

100,050

Accounts receivable

Merchandise inventory

Total assets

Net sales

Cost of goods sold

equired:

. Calculate the change in each of the Plato's accounts from 2022 to 2023. Enter negative sign for decrease values.

counts receivable

erchandise inventory

tal assets

t sales

st of goods sold

ndicate what happened from 2022 to 2023 to accounts receivable and merchandise inventory as a percentage of total

Is. Round your answers to the nearest whole percent.

unts receivable

" from

% in 2022 to

% in 2023.

mandise inventory

from

% in 2022 to

% in 2023.

te what happened from 2022 to 2023 to cost of goods sold as a percentage of net sales. Round your answers to earest whole percent.

f goods sold

from

% in 2022 to

% in 2023.

Horizontal and Vertical Analysis Plato Clothing Company specializes in selling apparel for special occasions. In 2022 and 2023, Plato's account balances were as follows: 2023 2022 Accounts receivable $114,750 $67,500 Merchandise inventory 19,800 18,000 Total assets 236,880 187,500 Net sales 176,800 214,500 Cost of goods sold 115,340 100,050 Required: 1. Calculate the change in each of the Plato's accounts from 2022 to 2023. Enter negative sign for decrease values. Accounts receivable x Merchandise inventory Total assets Net sales Cost of goods sold 2. Indicate what happened from 2022 to 2023 to accounts receivable and merchandise inventory as a percentage of total assets. Round your answers to the nearest whole percent. Accounts receivable Merchandise inventory from from % in 2022 to % in 2023. % in 2022 to % in 2023. Indicate what happened from 2022 to 2023 to cost of goods sold as a percentage of net sales. Round your answers to the nearest whole percent. Cost of goods sold from % in 2022 to % in 2023.