QUESTION 20 Horizontal Analysis of financial statements specifically looks at the increases and decreases in a given item from year to year. O True O False QUESTION 21 The following items are found on Xavier's Financial Statements: Cash $125,000 Accounts Receivable (net) $344,000 Inventory $160,000 Plant, Property and Equip $688,000 Accounts Payable $230,000 Mortgage $545,000 Common stock $950,000 What is the Current Ratio for Xavier (round to 1 decimal place)? 021 1.1 3.2 02.7 8 8 p