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Brief Exercise 18-04 Using these data from the comparative balance sheet of Rollaird Company, perform horizontal analysis. December 31, 2020 December 31, 2019 Accounts receivable
Brief Exercise 18-04 Using these data from the comparative balance sheet of Rollaird Company, perform horizontal analysis. December 31, 2020 December 31, 2019 Accounts receivable $486,400 $380,000 Inventory 858,000 600,000 Total assets 2,764,300 2,513,000 (Enter negative amounts using either a neqative sign preceding the number e.q. -45 or parentheses e.q. (45).) Increase or (Decrease) December 31, 2020 December 31, 2019 Percentage Amount Accounts receivable $486,400 $380,000 9% 600.000 Inventory 858,000 Total assets 2,513,000 2,764,300 Brief Exercise 18-05 Using these data from the comparative balance sheet of Rollaird Company, perform vertical analysis December 31, 2020 December 31, 2019 Accounts receivable $469,200 $416,290 Inventory 793,050 738,680 Total assets 2,550,000 3,130,000 (Round percentages to 1 decimal place, e.g. 12.1%.) December 31, 2020 December 31, 2019 Amount Percentage Amount Percentage Accounts receivable % $469,200 $416.290 793,050 Inventory 738,680 Total assets 2,550,000 % 3,130,000 Brief Exercise 18-12 a1-a2 The following data were taken from the income statements of Mydorf Company. 2020 2019 Sales revenue $6.420.000 $6,300,000 940.000 815.000 Beginning inventory Purchases 4.420,000 4,600,250 Ending inventory 1,060,000 940,000 Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Inventory turnover times times LINK TO TEXT Compute for each year the days in inventory. (Use 365 days for calculation. Round answers to 1 decimal place, e.q. 1.6.) 2020 2019 Days in inventory days days
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