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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Principles Of Financial Accounting
Authors: Jerry J. Weygandt, Michael J. Atkins, Donald E. Kieso, Paul D. Kimmel, Valerie Ann Kinnear, Barbara Trenholm, Joan E. Barlow
1st Canadian Edition
1118757149, 978-1118757147
