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Data for Atlantis Inc \quad \quad \quad \quad

Question 27

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Data for Atlantis Inc. is given below:
\quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad Atlantis Inc.
\quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad Comparative Balance Sheet
\quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad December 31, 2015 and 2014


 Assets Current Assets: Cash Accounts Receivable, Net Merchandise Inventory Prepaid Expenses Total Current Assets Property, Plant, and Equipment, Net Total Assets Liabilities Total Current Liabilities Long-term Liabilities Total Liabilities Stockholders’ Equity Preferred Stock, 3% Common Stockholders’ Equity, no par Total Liabilities and Stockholders’ Equity2015$12,00016,10045,0006,500$79,600265,000$3444,600$9,90060,00069,90075,000$199,700$344,6002014$10,20016,80031,0003,900$61,900233,000$294,900$11,20050,00061,20075,000$158,700$294,900\begin{array}{c}\begin{array}{lll}\\\\\text { Assets}\\\text { Current Assets:}\\\text { Cash}\\\text { Accounts Receivable, Net}\\\text { Merchandise Inventory}\\\text { Prepaid Expenses}\\\text { Total Current Assets}\\\text { Property, Plant, and Equipment, Net}\\\text { Total Assets}\\\text { Liabilities}\\\text { Total Current Liabilities}\\\text { Long-term Liabilities}\\\text { Total Liabilities}\\\text { Stockholders' Equity}\\\text { Preferred Stock, 3\%}\\\text { Common Stockholders' Equity, no par}\\\text { Total Liabilities and Stockholders' Equity}\end{array}\begin{array}{r}\underline{2015}\\\\\\\$ 12,000 \\16,100 \\45,000 \\\underline{6,500} \\\$79,600 \\\underline{265,000 }\\ \$ \underline{3444,600} \\\\ \$ 9,900 \\ \underline{60,000} \\\underline{ 69,900} \\\\75,000 \\\underline{\$ 199,700} \\\underline{ \$ 344,600}\end{array}\begin{array}{r}\underline{2014}\\\\\\\$ 10,200 \\16,800 \\31,000 \\\underline{3,900} \\\$ 61,900 \\\underline{233,000 }\\ \$ \underline{294,900} \\\\ \$ 11,200 \\ \underline{50,000} \\\underline{ 61,200} \\\\75,000 \\\underline{\$ 158,700} \\\underline{ \$ 294,900}\end{array}\end{array}

Prepare a horizontal analysis of the comparative balance sheet of Atlantis Inc. Round percentage changes to one decimal place.

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