Given the following balance sheet, complete a horizontal analysis. Compute the percentage to the nearest tenth of a percent.
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Jill's Bikes
Comparative Balance Sheet
For Years Ended December 31, 2011 and 2010
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(in thousands
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2011
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2010
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Difference
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Percentage
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Assets
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Current Assets
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Cash and Equivalents
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$72
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$94
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Accounts Receivable, net
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122
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104
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Inventory
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288
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232
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Total Current Assets
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482
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430
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Property, plant and Equipment
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638
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358
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Total Assets
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$1,120
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$788
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Liabilities
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Current Liabilities
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Accounts Payable
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242
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148
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Accrued Liabilities
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48
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66
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Total Current Liabilities
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290
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214
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Long-Term Liabilities
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346
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208
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Total Liabilities
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636
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422
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Stockholders' Equity
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Common Stock
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70
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60
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Retained Earnings
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414
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306
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Total Stockholders' Equity
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484
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366
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Total Liabilities and Stockholders' Equity
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$1,120
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$788
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