Using these data from the comparative balance sheets of Carla Vista Co., perform horizontal analysis. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%).) Increase or (Decrease) December 31, 2022 December 31, 2021 Amount PercentageAccounts receivable (net) $522,040 $421,000 $enter Accounts receivable in dollars enter Accounts receivable in percentages%Inventory 832,050 645,000 $enter Inventory in dollars enter Inventory in percentages%Total assets 3,383,060 2,773,000 $enter Total assets in dollars enter Total assets in percentages%

Horizontal analysis is the way to calculate the variance from the different year by year to show an…

Answered: Using these data from the comparative…

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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Using these data from the comparative balance sheets of Carla Vista Co., perform horizontal analysis. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%).)

			Increase or (Decrease)
	December 31, 2022	December 31, 2021	Amount	Percentage
Accounts receivable (net)	$522,040	$421,000	$enter Accounts receivable in dollars	enter Accounts receivable in percentages	%
Inventory	832,050	645,000	$enter Inventory in dollars	enter Inventory in percentages	%
Total assets	3,383,060	2,773,000	$enter Total assets in dollars	enter Total assets in percentages	%

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