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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

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 $6,750 $31,500 Merchandise inventory 900 9,900 Total assets 266,960 273.750 Net sales 227,000 190,000 Cost of goods sold 09.060 75.400 Required: 1. Calculate the change in each of the Plato's accounts from 2022 to 2023. Enter negative sign for decrease values. Accounts receivable Merchandise inventory Total assets Net sales Cost of goods sold 00000 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 2022 to % in 2023. % 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 from % in 2022 to % in sold 2023

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