Problem
Data for Atlantis Inc. is given below:
Atlantis Inc.
Comparative Balance Sheet
December 31, 2015 and 2014
2015 2014
Assets
Current Assets:
Cash $12,000 $10,200
Accounts Receivable, Net 16,100 16,800
Merchandise Inventory 45,000 31,000
Prepaid Expenses 6,500 3,900
Total Current Assets $79,600 $61,900
Property, Plant, and Equipment, Net 265,000 233,000
Total Assets $344,600 $294,900
Liabilities
Total Current Liabilities $9,900 $11,200
Long-term Liabilities 60,000 50,000
Total Liabilities 69,900 61,200
Stockholders' Equity
Preferred Stock, 3% 75,000 75,000
Common Stockholders' Equity, no par $199,700 $158,700
Total Liabilities and Stockholders' Equity $344,600 $294,900
Prepare a horizontal analysis of the comparative balance sheet of Atlantis Inc. Round percentage changes to one decimal place. Upload your Excel Document.