Comparative data (in thousands) from the balance sheet of Sunland Ltd. are shown below. 2024 2023 2022 2021 Cash $22 $41 $27 $17 Accounts receivable 280 245 214 162 Inventory 510 493 418 343 Prepaid expenses 20 0 10 20 Total current assets $832 $779 $669 $542 Using horizontal analysis, calculate the percent of base year, assuming 2021 is the base year

Comparative data (in thousands) from the balance sheet of Sunland Ltd. are shown below. 2024 2023 2022 2021 Cash $22 $41 $27 $17 Accounts receivable 280 245 214 162 Inventory 510 493 418 343 Prepaid expenses 20 0 10 20 Total current assets $832 $779 $669 $542 Using horizontal analysis, calculate the percent of base year, assuming 2021 is the base year

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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