Question
Comparative data (in thousands) from the balance sheet of Cullumber Ltd. are shown below. 2021 2020 2019 2018 Cash $27 $49 $33 $23 Accounts receivable
Comparative data (in thousands) from the balance sheet of Cullumber Ltd. are shown below.
| 2021 | 2020 | 2019 | 2018 | |||||
|---|---|---|---|---|---|---|---|---|
| Cash | $27 | $49 | $33 | $23 | ||||
| Accounts receivable | 290 | 246 | 213 | 161 | ||||
| Inventory | 490 | 473 | 393 | 319 | ||||
| Prepaid expenses | 25 | 0 | 10 | 25 | ||||
| Total current assets | $832 | $768 | $649 | $528 |
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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Money Laundering Prevention Deterring Detecting And Resolving Financial Fraud
Authors: Jonathan E. Turner
1st Edition
0470874759, 978-0470874752
