Consider the following information: Cash Accounts receivable 2024 $520,000 910,000 2023 $230,000 740,000 Inventory Long-term assets Total assets 730,000 520,000 1,900,000 $4,060,000 2,300,000 $3,790,000 Required: Perform a horizontal analysis for both years; provide both the dollar amount and percentage change for each item. (Round each percentage to one decimal place.): Cash Accounts receivable Inventory Long-term assets Total assets Increase (Decrease) Amount Percentage

Consider the following information: Cash Accounts receivable 2024 $520,000 910,000 2023 $230,000 740,000 Inventory Long-term assets Total assets 730,000 520,000 1,900,000 $4,060,000 2,300,000 $3,790,000 Required: Perform a horizontal analysis for both years; provide both the dollar amount and percentage change for each item. (Round each percentage to one decimal place.): Cash Accounts receivable Inventory Long-term assets Total assets Increase (Decrease) Amount Percentage

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter23: Statement Of Cash Flows

Section: Chapter Questions

Problem 13RQ

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