Question
Comparative data (in thousands) from the balance sheet of Crane Ltd. are shown below. 2021 2020 2019 2018 Cash $25 $46 $31 $21 Accounts receivable
Comparative data (in thousands) from the balance sheet of Crane Ltd. are shown below.
| 2021 | 2020 | 2019 | 2018 | |||||
|---|---|---|---|---|---|---|---|---|
| Cash | $25 | $46 | $31 | $21 | ||||
| Accounts receivable | 270 | 229 | 199 | 149 | ||||
| Inventory | 510 | 494 | 419 | 348 | ||||
| Prepaid expenses | 23 | 0 | 10 | 23 | ||||
| Total current assets | $828 | $769 | $659 | $541 |
Using horizontal analysis, calculate the percent of base year, assuming 2018 is the base year. (Round answers to 0 decimal places, e.g. 53%.)
| 2021 | 2020 | 2019 | 2018 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | enter percentages | % | enter percentages | % | enter percentages | % | enter percentages | % | ||||
| Accounts receivable | enter percentages | % | enter percentages | % | enter percentages | % | enter percentages | % | ||||
| Inventory | enter percentages | % | enter percentages | % | enter percentages | % | enter percentages | % | ||||
| Prepaid expenses | enter percentages | % | enter percentages | % | enter percentages | % | enter percentages | % | ||||
| Total current assets | enter percentages | % | enter percentages | % | enter percentages | % | enter percentages | % | ||||
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Franchising An Accounting Auditing And Income Tax Guide
Authors: Ross A. McCallum
2011edition
1460906179, 978-1460906170
