Summary financial information for Rose patch Company is as follows:
|
December 31, 2008
|
December 31, 2007
|
Current assets
|
$234,000
|
$180,000
|
Plant assets (net)
|
756,000
|
420,000
|
Total assets
|
$990,000
|
$600,000
|
Compute the amount and the percentage changes in 2008 using horizontal analysis, assuming 2007 is the base year.