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

Using the following selected items from the comparative balance sheet of Oriole Products. Determine the horizontal analysis. (Round percentages to 2 decimal places, eg, 12.21%. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses eg. (45)) ORIOLEPRODUCTS Comparative Balance Sheet December 31 2014 2013 Horizontal analysis Amount Percentage Amount Percentage Current assets $118.800 % $153,450 % Long-term assets 198,000 % 143,220 96 3,960,000 % 3,410,000 96 Total assets Determine the vertical analysis. (Round percentages to 1 decimal place, eg. 12.2%) Determine the vertical analysis. (Round percentages to 1 decimal place, e.g. 12.2%.) ORIOLEPRODUCTS Comparative Balance Sheet December 31 2014 2013 Vertical analysis Amount Percentage Amount Percentage Current assets $118,800 % $153,450 % Long-term assets 198,000 % 143,220 % 3,960,000 % % 3,410,000 96 Total assets
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