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Exercise 18-03 (Video) Here is financial information for Glitter Inc. December 31, 2020 $124,600 394,550 87,480 135,080 166,228 130,362 December 31, 2019 Current assets Plant
Exercise 18-03 (Video) Here is financial information for Glitter Inc. December 31, 2020 $124,600 394,550 87,480 135,080 166,228 130,362 December 31, 2019 Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings $100,000 325,000 72,000 88,000 116,000 149,000 Pre pare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and -45,-45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.) GLITTER INC Condensed Balance Sheets Increase or (Decrease) 2020 2019 Amount Percentage Assets $124,600 $100,000 394,550 325,000 $519,150 $425,000 Current assets Plant assets (net) 9% Total assets 000-201 All Rights Reserved. A Division of lohn Wiler & Sons,Ins
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