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If the cash balance at December 31, 20Y5, was $28,000 and at December 31, 20Y6, was $30,000, using horizontal analysis, what would be the percentage

If the cash balance at December 31, 20Y5, was $28,000 and at December 31, 20Y6, was $30,000, using horizontal analysis, what would be the percentage increase (decrease)? Round to one decimal place.

A. 7.1% B. (7.1%) C. 6.7% D.(6.7%)

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