Bayberry Office Plus has the following selected financial information for sales, gross profit, net income, current assets, current liabilities, total assets, total liabilities, and shareholders €˜equity (all in thousands of dollars) for the last two years:

Required
Using the selected data, prepare a horizontal analysis for Bayberry Office Plus. Comment on any significantfindings.

Transcribed Image Text:

2012 $7,480 3,520 650 2011 Sales Gross profit Net income Current assets: $6,820 1,540 220 $ 80 680 1,020 $1,780 2,420 465 1,320 1,100 Cash $ 75 600 1,000 $1,675 3,080 450 2,310 770 Accounts receivable Inventory Total current assets Total assets Current liabilities Total liabilities Total stockholders' equity