: The following question is based on the data presented below. Prepare a comparative horizontal analysis of the change in each current asset account from Year 6 to Year 7. Express each change in dollars and the percentages each change represents. Discuss (comments on) each change that exceeds 10%. What, if anything, would you do as a manager of Hospitality Industry?

Current Assets Year 1 Year 2

Cash $12,892 $14,580

Credit Card Receivable $ 2,700 $ 3,460

Accounts Receivable $ 530 $ 150

Food Inventories $ 4,280 $ 4,366

Beverage Inventories $ 1,850 $ 1,702

Prepaid Expenses $ 1,400 $ 1,610

Total Current Assets $23,652 $25,868