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, eg. 55,000,-20% or (55,000), (20%). Round percentages to 0 decimal places, eg. 12%.) Increase or (Decrease) Dec. 31, 2022 Dec. 31, 2021 Amount Percentage Accounts receivable $ 467,400 $ 410,000 $ Inventory $785,400 $ 660,000 $ Total assets $3,197,900 $2,830,000 $ eTextbook and Media 1:01 PM IN 4/25/2020 74 Delete ** F12 *- PrtSc Insert Cc F5 F9 F10 F11 F6 F7 F8 F4 & ) Backspace Num Lock 24 %3D 4 7 Y Home * C8 7
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, eg. 55,000,-20% or (55,000), (20%). Round percentages to 0 decimal places, eg. 12%.) Increase or (Decrease) Dec. 31, 2022 Dec. 31, 2021 Amount Percentage Accounts receivable $ 467,400 $ 410,000 $ Inventory $785,400 $ 660,000 $ Total assets $3,197,900 $2,830,000 $ eTextbook and Media 1:01 PM IN 4/25/2020 74 Delete ** F12 *- PrtSc Insert Cc F5 F9 F10 F11 F6 F7 F8 F4 & ) Backspace Num Lock 24 %3D 4 7 Y Home * C8 7
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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, eg. 55,000,-20% or (55,000), (20%). Round percentages to 0 decimal places, eg. 12%.)
Increase or (Decrease)
Dec. 31, 2022
Dec. 31, 2021
Amount
Percentage
Accounts receivable
$ 467,400
$ 410,000 $
Inventory
$785,400
$ 660,000 $
Total assets
$3,197,900
$2,830,000 $
eTextbook and Media
1:01 PM
IN
4/25/2020
74
Delete
**
F12
*-
PrtSc
Insert
Cc
F5
F9
F10
F11
F6
F7
F8
F4
&
)
Backspace
Num
Lock
24
%3D
4
7
Y
Home
* C8
7
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