Using the following selected items from the comparative statements of financial position of Whispering Winds Limited, illustrate horizontal and vertical analyses by calculating the percentages of a base amount. (Round answers to 0 decimal places, e.g. 55%.) Accounts receivable Inventory Total assets Accounts receivable Inventory Total assets Accounts receivable Inventory Total assets December 31, 2024 $700,024 1,412,768 4,876,000 HORIZONTAL ANALYSIS December 31, 2024 December 31, 2023 $551,200 1,187,200 4,240,000 December 31, 2024 % % X VERTICAL ANALYSIS % % December 31, 2023 % December 31, 2023 % % % % % %

Using the following selected items from the comparative statements of financial position of Whispering Winds Limited, illustrate horizontal and vertical analyses by calculating the percentages of a base amount. (Round answers to 0 decimal places, e.g. 55%.) Accounts receivable Inventory Total assets Accounts receivable Inventory Total assets Accounts receivable Inventory Total assets December 31, 2024 $700,024 1,412,768 4,876,000 HORIZONTAL ANALYSIS December 31, 2024 December 31, 2023 $551,200 1,187,200 4,240,000 December 31, 2024 % % X VERTICAL ANALYSIS % % December 31, 2023 % December 31, 2023 % % % % % %

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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