Using these data from the comparative balance sheets of Crane Company, perform horizontal analysis December 31, 2022 $385,000 632.500 2.916,000 Accounts receivable (net) Inventory Total assets Accounts receivable Inventory (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45)) Increase or (Decrease) Total assets December 31, 2022 $385.000 632.500 2.916.000 December 31, 2021 $350,000 550.000 December 31, 2021 $350,000 2.700.000 550,000 2.700.000 Amount Percentage

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 48CE
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Using these data from the comparative balance sheets of Crane Company, perform horizontal analysis
December 31, 2022 December 31, 2021
$385,000
$350,000
632,500
550,000
2.700.000
Accounts receivable (net)
Inventory
Total assets
(Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45))
Increase or (Decrease)
Accounts receivable
Inventory
Total assets
December
31, 2022
$385.000
632 500
2.916,000
2.916.000
December
31, 2021
$350,000
550.000
2.700,000
Amount
Percentage
Transcribed Image Text:Using these data from the comparative balance sheets of Crane Company, perform horizontal analysis December 31, 2022 December 31, 2021 $385,000 $350,000 632,500 550,000 2.700.000 Accounts receivable (net) Inventory Total assets (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45)) Increase or (Decrease) Accounts receivable Inventory Total assets December 31, 2022 $385.000 632 500 2.916,000 2.916.000 December 31, 2021 $350,000 550.000 2.700,000 Amount Percentage
Using these data from the comparative balance sheets of Sunland Company, perform a vertical analysis
December 31, 2022 December 31, 2021
$460,030
$356,250
768,430
2.570,000
Accounts receivable (net)
Inventory
Total assets
(Round percentages to 1 decimal place, e.g. 12.1%.)
Accounts receivable (net)
Inventory
Total assets
Amount
$460,030
December 31, 2022
768.430
2.570,000
Percentage
%
%
706,800
2,850,000
Amount
$356,250
706,800
2,850,000
December 31, 2021
Percentage
Transcribed Image Text:Using these data from the comparative balance sheets of Sunland Company, perform a vertical analysis December 31, 2022 December 31, 2021 $460,030 $356,250 768,430 2.570,000 Accounts receivable (net) Inventory Total assets (Round percentages to 1 decimal place, e.g. 12.1%.) Accounts receivable (net) Inventory Total assets Amount $460,030 December 31, 2022 768.430 2.570,000 Percentage % % 706,800 2,850,000 Amount $356,250 706,800 2,850,000 December 31, 2021 Percentage
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