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The comparative balance sheets of Ivanhoe Clothiers are as follows: December 31, 2014 December 31, 2013 Cash $50,400 $36,120 Accounts receivable 26,880 17,200 Inventory 38,640
The comparative balance sheets of Ivanhoe Clothiers are as follows: December 31, 2014 December 31, 2013 Cash $50,400 $36,120 Accounts receivable 26,880 17,200 Inventory 38,640 32,680 Total assets 504,000 498,800 Perform horizontal analysis for Ivanhoe Clothiers. (If amount and percentage are a decrease show the numbers as negative, e.g. - -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) Increase (Decrease) 2014 2013 Amount Percentage Cash $50,400 $36,120 % Accounts receivable 26,880 17,200 % Inventory 38,640 32,680 % Total assets 504,000 498.800 % Perform vertical analysis forlvanhoeClothiers. (Round percentages to 1 decimal place, e.g. 12.1%.) 2014 2013 Amount Percent Amount Percent Cash $50,400 % $36,120 % Accounts receivable 26,880 % 17,200 % Inventory 38,640 % 32,680 % Total assets 504,000 % 498,800 %
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