Solution-Compute the percentage to the nearest tenth of a

Compute the percentage to the nearest tenth of a percent

Reference no: EM13508235

Given the following balance sheet, complete a horizontal analysis. Compute the percentage to the nearest tenth of a percent.

Jill's Bikes Comparative Balance Sheet For Years Ended December 31, 2011 and 2010

(in thousands	2011	2010	Difference	Percentage
Assets
Current Assets
Cash and Equivalents	$72	$94
Accounts Receivable, net	122	104
Inventory	288	232
Total Current Assets	482	430
Property, plant and Equipment	638	358
Total Assets	$1,120	$788
Liabilities
Current Liabilities
Accounts Payable	242	148
Accrued Liabilities	48	66
Total Current Liabilities	290	214
Long-Term Liabilities	346	208
Total Liabilities	636	422
Stockholders' Equity
Common Stock	70	60
Retained Earnings	414	306
Total Stockholders' Equity	484	366
Total Liabilities and Stockholders' Equity	$1,120	$788

Reference no: EM13508235

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Compute the percentage to the nearest tenth of a percent

Reference no: EM13508235

Reference no: EM13508235

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