Compute the percentage to the nearest tenth of a percent

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Given the following balance sheet, complete a horizontal analysis. Compute the percentage to the nearest tenth of a percent.

Jill's Bikes 
Comparative Balance Sheet 
For Years Ended December 31, 2011 and 2010






(in thousands

2011

2010

Difference

Percentage

Assets





Current Assets





Cash and Equivalents

$72

$94



Accounts Receivable, net

122

104



Inventory

288

232



Total Current Assets

482

430



Property, plant and Equipment

638

358



Total Assets

$1,120

$788



Liabilities





Current Liabilities





Accounts Payable

242

148



Accrued Liabilities

48

66



Total Current Liabilities

290

214



Long-Term Liabilities

346

208



Total Liabilities

636

422



Stockholders' Equity





Common Stock

70

60



Retained Earnings

414

306



Total Stockholders' Equity

484

366



Total Liabilities and Stockholders' Equity

$1,120

$788



 

Reference no: EM13508235

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