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

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

Section: Chapter Questions

Problem 1Q

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Question

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
%

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