Question 4 Selected data from the comparative statements of financial position of Penny Worth Ltd. are shown below: 2018 2017 2016 Cash $150,000 $176,000 $73,000 Accounts receivable 603,000 399,000 447,000 Inventory 773,000 594,000 701,000 Property, plant, and equipment 3,128,000 2,805,000 2,862,000 Intangible assets 90,000 102,000 Total assets $4,744,000 $4,076,000 $4,083,000 (a) Your answer is correct. Using horizontal analysis, calculate the percentage of a base-year amount, assuming 2016 is the base year. (Round answers to 1 decim. 2018 2016 205.5 2017 T 241.1 89.3% 100) Cash 134.91010 T Accounts receivable 1000 100 110.3 Inventory I F Dal 10021 1 inn ment Property, plant, and equipment SHOW SOLUTION SHOW ANSWER LINK TO TEXT (b) Using horizontal analysis, calculate the percentage change for each an d e rs to 1 decimal place, e.g. 5.2%. Enter preceding the number e.g. -45.1% or parenthesis e.g. (45.1,..., reg, -45.1% or parenthesis Collapse question part 2018 2012 2017 Cash Accounts receivable Inventory Property, plant, and equipment Intangible assets