Question: This concludes the accounting for Sensations Salon, Inc., that we began in Chapter 1. For this exercise, refer to the comparative balance sheet presented in

This concludes the accounting for Sensations Salon, Inc., that we began in Chapter 1. For this exercise, refer to the comparative balance sheet presented in the Continuing Exercise in Chapter 11.

Requirements

1. Prepare a horizontal analysis of the balance sheet for Sensations Salon, Inc. Round percentages to one-tenth of a percent.

2. Prepare a vertical analysis of the balance sheet for Sensations Salon, Inc. Round percentages to one-tenth of a percent.

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