Summary financial information for Waterway Company is as follows. Compute the amount and percentage changes in 2022 using horizontal analysis, assuming 2021 is the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 2 decimal places, e.g. 1.25%.) Current Assets Plant Assets Total assets December 31, 2022 $189,000 eTextbook and Media 821,600 $1,010,600. December 31, 2021 $210,000 790,000 $1,000,000 Increase (Decrease) in 2022 Amount Percent % %
Summary financial information for Waterway Company is as follows. Compute the amount and percentage changes in 2022 using horizontal analysis, assuming 2021 is the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 2 decimal places, e.g. 1.25%.) Current Assets Plant Assets Total assets December 31, 2022 $189,000 eTextbook and Media 821,600 $1,010,600. December 31, 2021 $210,000 790,000 $1,000,000 Increase (Decrease) in 2022 Amount Percent % %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:Summary financial information for Waterway Company is as follows.
Compute the amount and percentage changes in 2022 using horizontal analysis, assuming 2021 is the base year. (Enter negative
amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to
2 decimal places, eg. 1.25%)
Current Assets
Plant Assets
Total assets
December 31,
2022
$189,000
eTextbook and Media
821,600
$1,010,600
December 31,
2021
$210,000
790,000
$1,000,000
Increase (Decrease) in 2022
Amount
Percent
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