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Need Help with how to solve the problem. Please show work. Pukalani Office Plus has the following selected financial information for sales,gross profit, net income.current
Need Help with how to solve the problem. Please show work.
Pukalani Office Plus has the following selected financial information for sales,gross profit, net income.current assets, current liabilities, total assets, total liabilities, and stockholders'equity (all in thousands of dollars) for the past two years: 2020 2021 $7,801 3,317 679 $6.342 1,409 211 Sales Gross profit Net income Current assets: Cash Accounts receivable Inventory Total current assets Total assets Current liabilities Total liabilities Total stockholders' equity $77 640 1,032 $1,749 2.497 501 1,337 1,160 $70 561 960 $1,591 3,196 425 2,363 833 (91) Using the selected data, prepare a horizontal analysis for Pukalani Office Plus. (Round percentage change answers to 1 decimal place, eg. 5.2%. If amount and percentage are a decrease show the numbers as negative, eg.-55,000.-5.2% or (55,000). (5.2%) 2021 Change Percent Change 2020 $6,342 Sales $7,801 $ Gross proht 3,317 1,409 $ 679 211 $ Net income Current assets: Cash $77 $70 $ Accounts receivable 640 561 $ Inventory 1,032 960 $ Total current assets $1,749 $1,591 $ Total assets 2,497 3,194 $ Current liabilities 501 425 $ % Total liabilities 1,337 2,363 $ Total stockholders' equity 1,160 B33 $Step by Step Solution
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