In: Accounting
Please create a vertical and horizontal analysis of the following balance sheet.
| 2009 | 2010 | |
| Assets | ||
| Current Asset | ||
| Cash | 3278 | 1844 | 
| Accounts Receivable | 6954 | 11807 | 
| Inventory | 17417 | 9628 | 
| Fixed Asset | ||
| Plant & Equipment | 144500 | 158700 | 
| Total Assets | 172149 | 181979 | 
| Liabilities | ||
| Current Liabilities | ||
| Accounts Payables | 9250 | 13446 | 
| Wages Payable | 1110 | 650 | 
| Property & Tax Payables | 3650 | 4124 | 
| Non-Current Liabilities | ||
| Long-Term Debt | 75800 | 92800 | 
| Owners' Equity | 82339 | 70959 | 
| Total Liabilities | 172149 | 181979 | 
Solution :
| Horizental Analysis - Balance Sheet | ||||
| Particulars | 2010 | 2009 | Increase (Decrease) | % change from 2009 | 
| Assets: | ||||
| Current Assets: | ||||
| Cash | $1,844.00 | $3,278.00 | -$1,434.00 | -43.75% | 
| Accounts receivables | $11,807.00 | $6,954.00 | $4,853.00 | 69.79% | 
| Inventory | $9,628.00 | $17,417.00 | -$7,789.00 | -44.72% | 
| Fixed Assets: | ||||
| Plant & Equipment | $158,700.00 | $144,500.00 | $14,200.00 | 9.83% | 
| Total Assets | $181,979.00 | $172,149.00 | $9,830.00 | 5.71% | 
| Liabilities: | ||||
| Current liabilities: | ||||
| Accounts Payable | $13,446.00 | $9,250.00 | $4,196.00 | 45.36% | 
| Wages Payable | $650.00 | $1,110.00 | -$460.00 | -41.44% | 
| Property and tax payables | $4,124.00 | $3,650.00 | $474.00 | 12.99% | 
| Non Current Liabilities: | ||||
| Long term debt | $92,800.00 | $75,800.00 | $17,000.00 | 22.43% | 
| Owner's Equity | $70,959.00 | $82,339.00 | -$11,380.00 | -13.82% | 
| Total Liabilities | $181,979.00 | $172,149.00 | $9,830.00 | 5.71% | 
| Vertical Analysis - Balance Sheet | ||||
| Particulars | 2010 | Percent - 2010 | 2009 | Percentage - 2009 | 
| Assets: | ||||
| Current Assets: | ||||
| Cash | $1,844.00 | 1.01% | $3,278.00 | 1.90% | 
| Accounts receivables | $11,807.00 | 6.49% | $6,954.00 | 4.04% | 
| Inventory | $9,628.00 | 5.29% | $17,417.00 | 10.12% | 
| Fixed Assets: | 0.00% | |||
| Plant & Equipment | $158,700.00 | 87.21% | $144,500.00 | 83.94% | 
| Total Assets | $181,979.00 | 100.00% | $172,149.00 | 100.00% | 
| Liabilities: | ||||
| Current liabilities: | ||||
| Accounts Payable | $13,446.00 | 7.39% | $9,250.00 | 5.37% | 
| Wages Payable | $650.00 | 0.36% | $1,110.00 | 0.64% | 
| Property and tax payables | $4,124.00 | 2.27% | $3,650.00 | 2.12% | 
| Non Current Liabilities: | ||||
| Long term debt | $92,800.00 | 50.99% | $75,800.00 | 44.03% | 
| Owner's Equity | $70,959.00 | 38.99% | $82,339.00 | 47.83% | 
| Total Liabilities | $181,979.00 | 100.00% | $172,149.00 | 100.00% |