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14. Perform a horizontal analysis on the following information providing both the dollar amount and percentage change (Decrease in amount should be indicated by a
14. Perform a horizontal analysis on the following information providing both the dollar amount and percentage change (Decrease in amount should be indicated by a minus sign. Round your percentages to 1 decimal place.):
2021 | 2020 | |||||
Cash | $ | 580,000 | $ | 210,000 | ||
Accounts receivable | 960,000 | 770,000 | ||||
Inventory | 720,000 | 580,000 | ||||
Long-term assets | 2,000,000 | 2,300,000 | ||||
Total assets | $ | 4,260,000 | $ | 3,860,000 | ||
Increase (Decrease) Amount % Cash Accounts receivable Inventory Long-term assets Total assets
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