Question
Perform a horizontal analysis Cash Accounts receivable Inventory Equipment Accounts Payable Salaries Payable Year 2 $ 87,600 40,300 90,000 175,800 60,100 87,500 Year 1 $77,400
Cash Accounts receivable Inventory Equipment Accounts Payable Salaries Payable Year 2 $ 87,600 40,300 90,000 175,800 60,100 87,500 Year 1 $77,400 $ 35,700 67,500 206,800 45.200 80,000 Dollar Change % Change BE % %
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Year 2 Year 1 Dollar change change Cash 87600 77400 10200 132 Account Receivable 40300 ...Get Instant Access to Expert-Tailored Solutions
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
22nd Edition
324401841, 978-0-324-6250, 0-324-62509-X, 978-0324401844
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