The following is a summary of information presented on the financial statements of The Cake Company on December 31, 2007.
Account 2007 2006
Current assets $65,000 $50,000
Accounts receivable 80,000 75,000
Merchandise inventory 50,000 40,000
Current liabilities 75,000 50,000
Long-term liabilities 30,000 50,000
Common stock (2007: 5,000 shares; 2006: 4,000 shares) 50,000 40,000
Retained earnings 40,000 25,000
Net sales revenue $525,000 $500,000
Cost of goods sold 400,000 395,000
Gross profit 125,000 105,000
Selling and general expenses 45,000 50,000
Net income before income tax expense 80,000 55,000
Income tax expense 24,000 16,500
Net income $56,000 $38,500
What would a horizontal analysis report with respect to current liabilities?