Reference no: EM131796835

Problem

Data for Atlantis Inc. is given below:  

                                                   Atlantis Inc.

                                      Comparative Balance Sheet

                                      December 31, 2015 and 2014

                                                              2015                 2014

Assets

Current Assets:

Cash                                                       $12,000            $10,200

Accounts Receivable, Net                           16,100              16,800

Merchandise Inventory                              45,000              31,000

Prepaid Expenses                                     6,500                3,900

Total Current Assets                                $79,600            $61,900

Property, Plant, and Equipment, Net           265,000            233,000

Total Assets                                            $344,600           $294,900

Liabilities

Total Current Liabilities                             $9,900            $11,200

Long-term Liabilities                                 60,000              50,000

Total Liabilities                                         69,900              61,200

Stockholders' Equity

Preferred Stock, 3%                                 75,000              75,000

Common Stockholders' Equity, no par        $199,700           $158,700

Total Liabilities and Stockholders' Equity     $344,600           $294,900

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