Use the following information to do a horizontal analysis of Hewitt Corporation's balance sheet for the end of the current and prior years.Fill in the table.
$\begin{array} { | l | l | l | l | l | }
\hline \text { Account } & \text { Current } & \text { Prior } & \begin{array} { l }
\text { Dollar } \
\text { Change }
\end{array} & \text { \% Change } \
\hline \text { Current assets } & \$ 119,000 & \$ 85,000 & & \
\hline \text { Accounts receivable } & \$ 99,000 & \$ 110,000 & & \
\hline \text { Merchandise inventory } & \$ 70,775 & \$ 74,500 & & \
\hline & & & & \
\hline \text { Current liabilities } & \$ 47,500 & \$ 38,000 & & \
\hline \text { Long-term liabilities } & \$ 63,000 & \$ 60,000 & & \
\hline \text { Common stock } & \$ 45,000 & \$ 45,000 & & \
\hline \text { Retained earnings } & \$ 133,275 & \$ 126,500 & & \
\hline
\end{array}$

Question

Use the following information to do a horizontal analysis of Hewitt Corporation's balance sheet for the end of the current and prior years.Fill in the table.
$\begin{array} { | l | l | l | l | l | } 
\hline \text { Account } & \text { Current } & \text { Prior } & \begin{array} { l } 
\text { Dollar } \
\text { Change }
\end{array} & \text { \% Change } \
\hline \text { Current assets } & \$ 119,000 & \$ 85,000 & & \
\hline \text { Accounts receivable } & \$ 99,000 & \$ 110,000 & & \
\hline \text { Merchandise inventory } & \$ 70,775 & \$ 74,500 & & \
\hline & & & & \
\hline \text { Current liabilities } & \$ 47,500 & \$ 38,000 & & \
\hline \text { Long-term liabilities } & \$ 63,000 & \$ 60,000 & & \
\hline \text { Common stock } & \$ 45,000 & \$ 45,000 & & \
\hline \text { Retained earnings } & \$ 133,275 & \$ 126,500 & & \
\hline
\end{array}$

Quizplus · Accepted Answer

The Answer of Use the following information to do a horizontal analysis of Hewitt Corporation's balance sheet for the end of the current and prior years.Fill in the table.
$\begin{array} { | l | l | l | l | l | } 
\hline \text { Account } & \text { Current } & \text { Prior } & \begin{array} { l } 
\text { Dollar } \
\text { Change }
\end{array} & \text { \% Change } \
\hline \text { Current assets } & \$ 119,000 & \$ 85,000 & & \
\hline \text { Accounts receivable } & \$ 99,000 & \$ 110,000 & & \
\hline \text { Merchandise inventory } & \$ 70,775 & \$ 74,500 & & \
\hline & & & & \
\hline \text { Current liabilities } & \$ 47,500 & \$ 38,000 & & \
\hline \text { Long-term liabilities } & \$ 63,000 & \$ 60,000 & & \
\hline \text { Common stock } & \$ 45,000 & \$ 45,000 & & \
\hline \text { Retained earnings } & \$ 133,275 & \$ 126,500 & & \
\hline
\end{array}$

Use the Following Information to Do a Horizontal Analysis of Hewitt