Calculate the 2022 Horizontal Analysis variance of “Sales Revenue” in %. Fill in the equations using the financial statements provided (no symbols or commas) and the % should be in a XX.XX format:

Step 1: Blank 1; – Blank 2; = Blank 3;

Step 2: Blank 4; ÷ Blank 5; = Blank 6 %

Cash and cash equivalents	$330	$360	-$30	-0.083333333	-8.30%
	2022	2021	2022 - 2021 #	Answer / 2021	Update to %
Example

  

Directions: The condensed financial statements of Northside Medical Supplies for the year 2022 are presented in this worksheet with amounts in thousands of dollars. Use the information in this worksheet to complete Wk 4 Practice. Northside Medical Balance Sheet December 31, Table 1: A2-C19 2022 2021 Current Assets Cash and cash equivalents 330 360 Accounts receivable (net) 470 400 Inventory 460 390 Prepaid expenses 120 160 Total current assets 1,380 1,310 Investments 10 10 Property, plant, and equipment 420 380 Intangibles and other assets 530 510 Total assets 2,340 2210 Current liabilities 900 790 Long-term liabilities 410 380 1,040 Stockholder's equity - common 1,030