Data for Atlantis Inc. is given below: Atlantis Inc. Comparative Balance Sheet December 31, 2015 and 2014

Question:

Data for Atlantis Inc. is given below: Atlantis Inc. Comparative December 31, 2015 and 2014 2015 2014 Assets Current Assets: Cash $12,000 $10,200 Accounts Receivable, Net 16,100 16,800 Merchandise Inventory 45,000 31,000 Prepaid Expenses 6,500 3,900 Total Current Assets $79,600 $61,900 Property, Plant, and Equipment, Net 265,000 233,000 Total Assets $344,600 $294,900 Liabilities Total Current Liabilities $9,900 $11,200 Long-term Liabilities 60,000 50,000 Total Liabilities 69,900 61,200 Stockholders' Equity Preferred Stock, 3% 75,000 75,000 Common Stockholders' Equity, no par $199,700 $158,700 Total Liabilities and Stockholders' Equity $344,600 $294,900 Prepare a horizontal analysis of the comparative of Atlantis Inc. Round percentage changes to one decimal place.
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...