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Munchies Office Plus has the following selected financial Information for sale, gross profit, net income currents current labilities total assets, total liabilities and stockholders equity
Munchies Office Plus has the following selected financial Information for sale, gross profit, net income currents current labilities total assets, total liabilities and stockholders equity in thousands of dollars for the past two years 2021 2020 Sales $7.0es 56.603 Gross proht 3,807 1.531 Net Income 645 225 Current sets Cash $82 $70 Accounts receivable 668 576 Inventory 996 960 Total current assets $1,746 51.606 Total assets 2392 2.903 Current liabilities 471 427 Total liabilities 1.205 2.196 Total stockholders equity 1187 707 (21) Using the selected data, prepare a horizontal analysis tor Munchies Oce P Pound percentapr change answers to 1 decimal ploce es 5.2. amount and percentage are a decrease show the numbers as negative.es -55.000,-5.2% (55.0001.15.2%) 2021 Percent Change 2020 Change Sales $7,085 56,603 5 Gross profit 3.607 1.531 $ Net income 645 225 $ Current assets $82 570 $ Accounts receivable 668 576 $ Inventory 996 960 5 Total current sets 51.746 $1,606 $ 2.392 2903 5 Current abilities 427 $ Total liabilities 1205 219 Total Moulders' mily 707
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