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Comparative data from the statement of financial position of H55 Ltd. are shown below. 2024 2023 2022 Current assets $1,544,000 $1,163,000 $1,223,000 Property, plant, and equipment 3,120,000 2,776,000 2,852,000 Goodwill 126,000 136,000 -0- Total assets $4,790,000 $4,075,000 $4,075,000 (a) Using horizontal analysis, calculate the percentage of the base-year amount, using 2022 as the base year. (Round answers to 0 decimal place, e.g. 52%.) Current assets Property, plant, and 2024 % % 2023 % % 2022 % %

Comparative data from the statement of financial position of H55 Ltd. are shown below. 2024 2023 2022 Current assets $1,544,000 $1,163,000 $1,223,000 Property, plant, and equipment 3,120,000 2,776,000 2,852,000 Goodwill 126,000 136,000 -0- Total assets $4,790,000 $4,075,000 $4,075,000 (a) Using horizontal analysis, calculate the percentage of the base-year amount, using 2022 as the base year. (Round answers to 0 decimal place, e.g. 52%.) Current assets Property, plant, and 2024 % % 2023 % % 2022 % %

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Comparative data from the statement of financial position of H55 Ltd. are shown below. 2024 2023 2022 Current assets $1,544,000 $1,163,000 $1,223,000 Property, plant, and equipment 3,120,000 2,776,000 2,852,000 Goodwill 126,000 136,000 -0- Total assets $4,790,000 $4,075,000 $4,075,000 (a) Using horizontal analysis, calculate the percentage of the base-year amount, using 2022 as the base year. (Round answers to 0 decimal place, e.g. 52%.) Current assets Property, plant, and 2024 % % 2023 % % 2022 % %
Transcribed Image Text:Comparative data from the statement of financial position of H55 Ltd. are shown below. 2024 2023 2022 Current assets $1,544,000 $1,163,000 $1,223,000 Property, plant, and equipment 3,120,000 2,776,000 2,852,000 Goodwill 126,000 136,000 -0- Total assets $4,790,000 $4,075,000 $4,075,000 (a) Using horizontal analysis, calculate the percentage of the base-year amount, using 2022 as the base year. (Round answers to 0 decimal place, e.g. 52%.) Current assets Property, plant, and 2024 % % 2023 % % 2022 % %
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