Complete a horizontal analysis for Brown Company. (Negative answers should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Round the "percent" answers to the nearest hundredth percent.) Answer is complete but not entirely correct. BROWN COMPANY Comparative Balance Sheet December 31, 2020 and 2019 Increase (Decrease) 2020 2019 Amount Percent Assets Current assets: Cash 15,750 10.500 5,260 O 50.00 Accounts receivable 18,000 13,500 4,500 33.33 O Merchandise inventory 18,750 22,500 (3,750) 9,000 O 15,000O 16.67 O Prepaid advertising 54,000 45,000 20.00 O 16.39 O Total current assets 106,500 91,500 Plant and equipment Building (net) 120,000 126,000 (6,000) O 4.76 O Land 90,000 90,000 Total plant and equipment 210,000 216,000 (6.000) O 2.78 Total assets 316.500 307.500 0..

Complete a horizontal analysis for Brown Company. (Negative answers should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Round the "percent" answers to the nearest hundredth percent.) Answer is complete but not entirely correct. BROWN COMPANY Comparative Balance Sheet December 31, 2020 and 2019 Increase (Decrease) 2020 2019 Amount Percent Assets Current assets: Cash 15,750 10.500 5,260 O 50.00 Accounts receivable 18,000 13,500 4,500 33.33 O Merchandise inventory 18,750 22,500 (3,750) 9,000 O 15,000O 16.67 O Prepaid advertising 54,000 45,000 20.00 O 16.39 O Total current assets 106,500 91,500 Plant and equipment Building (net) 120,000 126,000 (6,000) O 4.76 O Land 90,000 90,000 Total plant and equipment 210,000 216,000 (6.000) O 2.78 Total assets 316.500 307.500 0..

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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