Using these data from the comparative balance sheet of Cullumber Company, perform horizontal analysis. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 0 decimal places, e.g. 12%.) Increase or (Decrease) Dec. 31, 2022 Dec. 31, 2021 Amount Percentage Accounts receivable $ 608,400 $ 520,000 $Enter increase or decrease amount in dollars. Enter increase or decrease in percentages rounded to 0 decimal places. % Inventory $ 931,700 $ 770,000 $Enter increase or decrease amount in dollars. Enter increase or decrease in percentages rounded to 0 decimal points. % Total assets $3,381,000 $2,940,000 $Enter increase or decrease amount in dollars. Enter increase or decrease in percentages rounded to 0 decimal points.
Using these data from the comparative balance sheet of Cullumber Company, perform horizontal analysis. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 0 decimal places, e.g. 12%.) Increase or (Decrease) Dec. 31, 2022 Dec. 31, 2021 Amount Percentage Accounts receivable $ 608,400 $ 520,000 $Enter increase or decrease amount in dollars. Enter increase or decrease in percentages rounded to 0 decimal places. % Inventory $ 931,700 $ 770,000 $Enter increase or decrease amount in dollars. Enter increase or decrease in percentages rounded to 0 decimal points. % Total assets $3,381,000 $2,940,000 $Enter increase or decrease amount in dollars. Enter increase or decrease in percentages rounded to 0 decimal points.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Using these data from the comparative
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Increase or (Decrease)
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|||||||||
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Dec. 31, 2022
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Dec. 31, 2021
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Amount
|
Percentage
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|---|---|---|---|---|---|---|---|---|---|
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$ 608,400 | $ 520,000 |
$Enter increase or decrease amount in dollars.
|
Enter increase or decrease in percentages rounded to 0 decimal places.
|
% | ||||
|
Inventory
|
$ 931,700 | $ 770,000 |
$Enter increase or decrease amount in dollars.
|
Enter increase or decrease in percentages rounded to 0 decimal points.
|
% | ||||
|
Total assets
|
$3,381,000 | $2,940,000 |
$Enter increase or decrease amount in dollars.
|
Enter increase or decrease in percentages rounded to 0 decimal points.
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% |
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