Response to the following problem:
Using Horizontal Analysis calculate the percent increase or decrease for each of the following financial statement items:
Year 2 Year 1
Cash................................... $37,500 $30,000
Accounts Recivable............ 63,000 52,500
Iventory............................... 67,500 90,000
Accounts payable................ 35,100 27,000
Sales.................................... 187,500 150,000
Equipment........................... 165,000 125,000