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

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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