H1.Account FILL BOTH TABLES please Using these data from the comparative balance sheets of Crane Company, perform horizontal analysisDecember 31, 2022 December 31, 2021$385,000$350,000632,500550,0002.700.000Accounts receivable (net)InventoryTotal assets(Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45))Increase or (Decrease)Accounts receivableInventoryTotal assetsDecember31, 2022$385.000632 5002.916,0002.916.000December31, 2021$350,000550.0002.700,000AmountPercentage Using these data from the comparative balance sheets of Sunland Company, perform a vertical analysisDecember 31, 2022 December 31, 2021$460,030$356,250768,4302.570,000Accounts receivable (net)InventoryTotal assets(Round percentages to 1 decimal place, e.g. 12.1%.)Accounts receivable (net)InventoryTotal assetsAmount$460,030December 31, 2022768.4302.570,000Percentage%%706,8002,850,000Amount$356,250706,8002,850,000December 31, 2021Percentage

Horizontal and vertical analysis is done to compare the financial statements. Horizontal analysis is…

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

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

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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