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Consider the following information: Cash Accounts receivable Inventory Long-term assets Total assets 2024 $670,000 920,000 2023 $160,000 710,000 570,000 730,000 1,900,000 2,300,000 $4,220,000 $3,740,000
Consider the following information: Cash Accounts receivable Inventory Long-term assets Total assets 2024 $670,000 920,000 2023 $160,000 710,000 570,000 730,000 1,900,000 2,300,000 $4,220,000 $3,740,000 Required: Perform a horizontal analysis for both years; provide both the dollar amount and percentage change for each item. (Round each percentage to one decimal place.): Cash Accounts receivable Inventory Long-term assets Total assets Increase (Decrease) Amount Percentage
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