Question: Using the following selected items from the comparative balance sheet of Wildhorse Products. Determine the horizontal analysis. (Round percentages to 2 decimal places, e.g. 12.21%.

Using the following selected items from the comparative balance sheet of Wildhorse Products. Determine the horizontal analysis. (Round percentages to 2 decimal places, e.g. 12.21%. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) WILDHORSEPRODUCTS Comparative Balance Sheet December 31 2014 2013 Horizontal analysis Amount Percentage Amount Percentage Current assets $144,936 % $162.626 % Long-term assets 223,992 % 155,062 % Total assets 4,392,000 % 3,782,000 % Determine the vertical analysis. (Round percentages to 1 decimal place, eg. 12.2%.) WILDHORSEPRODUCTS Comparative Balance Sheet December 31 2014 2013 Vertical analysis Amount Percentage Amount Percentage Current assets $144,936 % $162,626 % Long-term assets 223,992 % 155,062 % Total assets 4,392,000 % 3,782,000 %
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