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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Chapter1: Financial Statements And Business Decisions
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Brief Exercise 12-2 Prepare horizontal analysis (LO12-2)
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
Transcribed Image Text:Brief Exercise 12-2 Prepare horizontal analysis (LO12-2) 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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