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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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
%
Transcribed Image Text: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 %
The comparative balance sheets of IvanhoeClothiers 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 IvanhoeClothiers. (If amount and percentage are a decrease show the numbers as ne
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
Cash
$50,400
$36,120
%
Accounts receivable
26,880
17,200
Inventory
38,640
32,680
Total assets
504,000
498,800
%
Transcribed Image Text:The comparative balance sheets of IvanhoeClothiers 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 IvanhoeClothiers. (If amount and percentage are a decrease show the numbers as ne 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 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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