Perform a horizontal analysis on the following information providing both the dollar amount and percentage change (Decrease in amount should be indicated by a minus sign. Round your percentages to 1 decimal place.): 2021 2020 $ 680,000 $ 190,000 Cash Accounts receivable Inventory Long-term assets 950,000 720,000 1,800,000 720, 000 590, 000 2,300,000 Total assets $4,150,000 $3,800,000 Increase (Decrease) Amount Cash Accounts receivable Inventory Long-term assets 38.6 Total assets
Perform a horizontal analysis on the following information providing both the dollar amount and percentage change (Decrease in amount should be indicated by a minus sign. Round your percentages to 1 decimal place.): 2021 2020 $ 680,000 $ 190,000 Cash Accounts receivable Inventory Long-term assets 950,000 720,000 1,800,000 720, 000 590, 000 2,300,000 Total assets $4,150,000 $3,800,000 Increase (Decrease) Amount Cash Accounts receivable Inventory Long-term assets 38.6 Total assets
Chapter4: Exchange Rate Determination
Section: Chapter Questions
Problem 1BIC
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Question
![Perform a horizontal analysis on the following information providing both the dollar amount and percentage change (Decrease in
amount should be indicated by a minus sign. Round your percentages to 1 decimal place.):
2021
2020
$ 680,000
$ 190,000
720, 000
590, 000
2,300, 000
$4,150,000 $3,800, 000
Cash
Accounts receivable
950,000
Inventory
720,000
1,800,000
Long-term assets
Total assets
Increase (Decrease)
Amount
%
Cash
38.6
Accounts receivable
Inventory
Long-term assets
Total assets](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fded6db92-57ba-49bd-8e03-f1d0c13456b7%2F5df91803-a159-45c7-a580-35b02f135b65%2Fh29nqpi_processed.png&w=3840&q=75)
Transcribed Image Text:Perform a horizontal analysis on the following information providing both the dollar amount and percentage change (Decrease in
amount should be indicated by a minus sign. Round your percentages to 1 decimal place.):
2021
2020
$ 680,000
$ 190,000
720, 000
590, 000
2,300, 000
$4,150,000 $3,800, 000
Cash
Accounts receivable
950,000
Inventory
720,000
1,800,000
Long-term assets
Total assets
Increase (Decrease)
Amount
%
Cash
38.6
Accounts receivable
Inventory
Long-term assets
Total assets
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