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Consider the following information: 2024 $620,000 900,000 2023 $170,000 750,000 Cash Accounts receivable. Inventory Long-term assets Total assets Required: 740,000 530,000 1,800,000 2,400,000 $4,060,000
Consider the following information: 2024 $620,000 900,000 2023 $170,000 750,000 Cash Accounts receivable. Inventory Long-term assets Total assets Required: 740,000 530,000 1,800,000 2,400,000 $4,060,000 $3,850,000 Perform a horizontal analysis for both years; provide both the dollar amount and percentage change for each item. ( percentage to one decimal place.): Cash Accounts receivable Inventory Long-term assets Total assets Increase (Decrease) Amount Percentage
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