answer in text form please (without image) The comparative balance sheets of OrioleClothiers are as follows:CashAccounts receivableInventoryTotal assetsCashInventoryTotal assetsCashDecember 31, 2014Accounts receivableInventoryPerform horizontal analysis for OrioleClothiers. (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%.)2014Total assets$66,000Accounts receivable 35,200 22,000$66,000Amount35,200$66,00050,60035,200660,00050,600 41,80050,600660,000 638,000660,0002013$46,200Perform vertical analysis for OrioleClothiers. (Round percentages to 1 decimal place, e.g. 12.1%.)December 31, 20132014$46,20022,00041,800638,000PercentAmountIncrease (Decrease)%%%Amount$46,20022,00041,800Percentage% 638,0002013%%%%Percent%%%%

Comparative financial statements are used to compare two or more years to understand the financial…

The comparative balance sheets of OrioleClothiers are as follows: Cash Accounts receivable Inventory Total assets Cash Inventory Perform horizontal analysis for OrioleClothiers. (If amount and percentage are a decrease show the numbers as negative, e. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) Total assets December 31, 2014 $66,000 35,200 50,600 660,000 Cash Accounts receivable 35,200 22,000 2014 Inventory $66,000 Total assets 50,600 41,800 660,000 638,000 Amount Accounts receivable 35,200 2013 $66,000 $46,200 50,600 Perform vertical analysis for OrioleClothiers. (Round percentages to 1 decimal place, e.g. 12.1%.) 660,000 December 31, 2013 $46,200 2014 22,000 41,800 638,000 Amount Percent Increase (Decrease) % % % % Amount $46,200 22,000 41,800 Percentage 638,000 2013 % % % % Percent % % % %

The comparative balance sheets of OrioleClothiers are as follows: Cash Accounts receivable Inventory Total assets Cash Inventory Perform horizontal analysis for OrioleClothiers. (If amount and percentage are a decrease show the numbers as negative, e. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) Total assets December 31, 2014 $66,000 35,200 50,600 660,000 Cash Accounts receivable 35,200 22,000 2014 Inventory $66,000 Total assets 50,600 41,800 660,000 638,000 Amount Accounts receivable 35,200 2013 $66,000 $46,200 50,600 Perform vertical analysis for OrioleClothiers. (Round percentages to 1 decimal place, e.g. 12.1%.) 660,000 December 31, 2013 $46,200 2014 22,000 41,800 638,000 Amount Percent Increase (Decrease) % % % % Amount $46,200 22,000 41,800 Percentage 638,000 2013 % % % % Percent % % % %

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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