Question
Below is the partial balance sheet for Gabi Gold Limited: December 31, 2021 December 31, 2020 Accounts Receivable $ 110,000 $ 140,000 Inventory 80,000 95,000
Below is the partial balance sheet for Gabi Gold Limited:
| December 31, 2021 | December 31, 2020 |
| Accounts Receivable | $ 110,000 | $ 140,000 |
| Inventory | 80,000 | 95,000 |
| Total Assets | 335,000 | 376,000 |
Instructions Using the items from the comparative balance sheet of Gabi Gold Limited, illustrate horizontal and vertical analysis. Discuss the results of each type of analysis.
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Audit Marketing
Authors: Bruno Camus
1st Edition
2708108735, 978-2708108738
