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

question 61

Essay

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


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

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

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