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Question 8 Summary financial information for Cullumber Company is as follows. Current assets Plant assets Total assets Dec. 31, 2017 $ 218,900 1,202,300 $1,421,200 Dec.
Question 8 Summary financial information for Cullumber Company is as follows. Current assets Plant assets Total assets Dec. 31, 2017 $ 218,900 1,202,300 $1,421,200 Dec. 31, 2016 $ 254,400 809,700 $1,064,100 Compute the amount and percentage changes in 2017 using horizontal analysis, assuming 2016 is the base year. (If amount and percentage are a decrease show the numbers as negative, e.g. -55, 000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) Amount Percent Current assets $ Plant assets Total assets
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