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The comparative balance sheets of BlossomClothiers are as follows: Cash Accounts receivable Inventory Total assets December 31, 2014 December 31, 2013 $48,000 $33,600 25,600
The comparative balance sheets of BlossomClothiers are as follows: Cash Accounts receivable Inventory Total assets December 31, 2014 December 31, 2013 $48,000 $33,600 25,600 16,000 36,800 30,400 480,000 464,000 Perform horizontal analysis for BlossomClothiers. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000). (20%). Round percentages to 1 decimal place, e.g. 12.1%.) Increase (Decrease) 2014 2013 Amount Percentage Cashi $48,000 $33,600 % Accounts receivable 25,600 16,000 % Inventory 36,800 30,400 Total assets 480,000 464,000 % 96
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