Given the following balance sheet, complete a horizontal analysis. Compute the percentage to the nearest tenth of a percent.
| Jill’s Bikes | ||||
| (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 | ||
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