Brief Exercise 12-2 Prepare horizontal analysis Perform a horizontal analysis providing both the amount and percentage change. (Round Percentag Decreases should be indicated by a minus sign.) Cash Accounts receivable Inventory Long-term assets Total assets Cash Accounts receivable Inventory Long-term assets Total assets Year 2021 2020 $300,000 $ 800,000 200,000 700,000 2,300,000 500,000 800,000 3,400,000 $5,000,000 $4,000,000 Increase (Decrease) Amount

Brief Exercise 12-2 Prepare horizontal analysis Perform a horizontal analysis providing both the amount and percentage change. (Round Percentag Decreases should be indicated by a minus sign.) Cash Accounts receivable Inventory Long-term assets Total assets Cash Accounts receivable Inventory Long-term assets Total assets Year 2021 2020 $300,000 $ 800,000 200,000 700,000 2,300,000 500,000 800,000 3,400,000 $5,000,000 $4,000,000 Increase (Decrease) Amount

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter10: Financial Statements And Reports

Section: Chapter Questions

Problem 2.5C

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Question

Brief Exercise 12-2 Prepare horizontal analysis
Perform a horizontal analysis providing both the amount and percentage change. (Round Percentage answers to 1 decimal place.
Decreases should be indicated by a minus sign.)
Cash
Accounts receivable.
Inventory
Long-term assets
Total assets
Cash
Accounts receivable
Inventory
Long-term assets
Total assets
Year
2021
2020
$300,000 $ 800,000
500,000
200,000
800,000
700,000
3,400,000 2,300,000
$5,000,000 $4,000,000
Increase (Decrease)
Amount

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