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Pearl City Office Plus has the following selected financial information for sales, gross profit, net income, current assets, current liabilities, total assets, total liabilities, and

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Pearl City Office Plus has the following selected financial information for sales, gross profit, net income, current assets, current liabilities, total assets, total liabilities, and stockholders' equity (all in thousands of dollars) for the past two years: 2021 $7,349 3,532 638 2020 $6,539 1,519 198 Sales Gross profit Net income Current assets: Cash Accounts receivable Inventory Total current assets Total assets Current liabilities Total liabilities Total stockholders' equity $68 659 960 $1,687 $75 687 1,065 $1,827 2,462 490 1,378 1,084 2,857 427 2.118 739 (a1) Using the selected data, prepare a horizontal analysis for Pearl City Office Plus. (Round percentage change answers to 1 decimal place, e.g. 5.2%. If amount and percentage are a decrease show the numbers as negative, e.s. -55,000, -5.2% or (55,000). (5.2%).) Percent Change 2021 2020 Change % Sales $7,349 $6,539 Gross profit 3,532 1,519 % $ Net income 638 198 % Current assets: Cash $75 $68 $ % % Accounts receivable 687 659 Inventory % 1,065 960 Total current assets $1,827 $1,687 % Total assets 2,462 2,857 % Current liabilities 490 427 $ % Total liabilities 1,378 2.118 $ Total stockholders' equity 1,084 739 $ %

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