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Comparative data (in thousands) from the balance sheet of Sunland Ltd. are shown below. 2024 2023 2022 2021 Cash $22 $41 $27 $17 Accounts receivable
Comparative data (in thousands) from the balance sheet of Sunland Ltd. are shown below. 2024 2023 2022 2021 Cash $22 $41 $27 $17 Accounts receivable 280 245 214 162 Inventory 510 493 418 343 Prepaid expenses 20 0 10 20 Total current assets $832 $779 $669 $542 Using horizontal analysis, calculate the percent of base year, assuming 2021 is the base year
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Accounting concepts and applications
Authors: Albrecht Stice, Stice Swain
11th Edition
978-0538750196, 538745487, 538750197, 978-0538745482
