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Question 20 10 pts A vertical analysis is primarily concerned with: o the dollar amount of the change in a financial statement amount compared to

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Question 20 10 pts A vertical analysis is primarily concerned with: o the dollar amount of the change in a financial statement amount compared to the prior year the dollar amount of the change in various financial statement amounts from year to year the change in key financial statement ratios over a specified period of time individual financial statement items expressed as a percentage of a base which represents 100 Question 21 10 pts Armadillo Company purchased $7.800 of merchandise inventory on account. How does this transaction attect the financial statements? he Increase Cost of goods sold and increase accounts payable O Decrease accounts payable and decrease purchases Decrease accounts payable and decrease inventory Increase inventory and increase accounts payable Question 22 10 pts Company Z has cash of $34,000, accounts receivable of $44,000, inventory of $23,000, and equipment of $64,000. Assuming current liabilities of $54,000, this company's net working capital is: O $101.000 O 13.000 O $70,000 $47.000

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