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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Definitions:

Executive Team

A group of high-level managers or leaders within an organization responsible for making strategic decisions.

Stability

The state of being steady, consistent, and not prone to change, which is often sought after in various contexts for predictability and reliability.

Autonomy

The degree to which an individual has the freedom to make decisions and take actions independently.

Coordination

The act of organizing and aligning activities, tasks, and efforts among individuals or groups to achieve common goals efficiently.