Using the following selected items from the comparative balance sheet of Oriole 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).)ORIOLEPRODUCTSComparative Balance SheetDecember 31 2014 2013 Horizontal analysis AmountPercentage AmountPercentage Current assets $110,880enter percentages% $128,216enter percentages%Long-term assets 174,240enter percentages% 117,304enter percentages%Total assets 3,168,000enter percentages% 2,728,000enter percentages%Determine the vertical analysis. (Round percentages to 1 decimal place, e.g. 12.2%.)ORIOLEPRODUCTSComparative Balance SheetDecember 31 2014 2013 Vertical analysis AmountPercentage AmountPercentage Current assets $110,880enter percentages% $128,216enter percentages%Long-term assets 174,240enter percentages% 117,304enter percentages%Total assets 3,168,000enter percentages% 2,728,000enter percentages%

The balance sheet shows the financial position that includes the assets, liabilities, and…

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Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

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Problem 40E: Cuneo Companys income statements for the last 3 years are as follows: Refer to the information for...

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Using the following selected items from the comparative balance sheet of Oriole 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).)

ORIOLEPRODUCTS Comparative Balance Sheet December 31
	2014			2013
Horizontal analysis	Amount	Percentage			Amount	Percentage
Current assets	$110,880	enter percentages	%		$128,216	enter percentages	%
Long-term assets	174,240	enter percentages	%		117,304	enter percentages	%
Total assets	3,168,000	enter percentages	%		2,728,000	enter percentages	%

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	$110,880	enter percentages	%		$128,216	enter percentages	%
Long-term assets	174,240	enter percentages	%		117,304	enter percentages	%
Total assets	3,168,000	enter percentages	%		2,728,000	enter percentages	%

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