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Prepare horizontal analysis. (LO 2), AP DO IT! 13-2 Summary financial information for Gandaulf Company is as follows. Dec. 31, 2016 $ 220,000 780,000 $1,000,000
Prepare horizontal analysis. (LO 2), AP DO IT! 13-2 Summary financial information for Gandaulf Company is as follows. Dec. 31, 2016 $ 220,000 780,000 $1,000,000 Current assets Plant assets Total assets Dec. 31, 2017 $ 200,000 1,040,000 $1,240,000 Compute the amount and percentage changes in 2017 using horizontal analysis, assuming 2016 is the base year.
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