Using the information presented in BE121, perform a horizontal analysis providing both the amount and percentage change.

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Using the information presented in BE12–1, perform a horizontal analysis providing both the amount and percentage change.

BE12–1

Perform a vertical analysis on the following information.

2021 2020 Cash $ 420,000 $1,050,000 Accounts receivable 660,000 300,000 925,000 Inventory Long-term assets 1,020,000 3,900,000 $6,000,000 2,725,000 $5,000,000 Total assets

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Financial Accounting

ISBN: 978-1259914898

5th edition

Authors: David Spiceland, Wayne M. Thomas, Don Herrmann

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Question Posted: May 18, 2020 10:37 AM

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Using the information presented in BE121, perform a horizontal analysis providing both the amount and percentage change.

Question:

2021 2020 Cash $ 420,000 $1,050,000 Accounts receivable 660,000 300,000 925,000 Inventory Long-term assets 1,020,000 3,900,000 $6,000,000 2,725,000 $5,000,000 Total assets

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ANSWER Horizontal analysis comparing 2021 to 2020 Cash 6...View the full answer

Financial Accounting

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