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Pinnacle Plus declared and paid a cash dividend of $ 5 , 6 0 0 in the current year. Its comparative financial statements, prepared at
Pinnacle Plus declared and paid a cash dividend of $ in the current year. Its comparative financial statements, prepared at December reported the following summarized information:
Required:
Complete the two final columns shown beside each item in Pinnacle Plus's comparative financial statements.
a Which account increased by the largest dollar amount?
b Which account increased by the largest percentage?
Complete this question by entering your answers in the tabs below.
Complete the two final columns shown beside each item in Pinnacle Plus's comparative financial statements. Decreases should be indicated by a minus sign. Round percentage values to decimal place.
tablePINNACLE PLUSHorizontal AnalysisCurrent Year,Previous Year,tableIncrease Decreasein the Current year versus thePrevious yearAmount,Percentage,Income StatementSales Revenue,$$Cost of Goods Sold,,Gross Profit,,Operating Expenses,,tableInterest ExpenseIncome before Income Tax Expense,,Income Tax Expense Net Income,$$Balance SheetCash$$Accounts Receivable, Net,,InventoryProperty and Equipment, Net,,Total Assets,$$Accounts Payable,bar $$Income Tax Payable,,Note Payable longtermTotal Liabilities,,Common Stock par $Retained Earnings,,Total Liabilities and Stockholders' Equity,$$
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