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Selected data from the comparative statements of financial position of Benton Ltd. are shown below: 2024 2023 2022 Cash $150,000 $176,000 $76,000 Accounts receivable
Selected data from the comparative statements of financial position of Benton Ltd. are shown below: 2024 2023 2022 Cash $150,000 $176,000 $76,000 Accounts receivable 603,000 397,000 448,000 Inventory 782,000 596,000 695,000 Property, plant, and equipment 3,152,000 2,810,000 2,851,000 Intangible assets 92,000 102,000 0 Total assets $4,779,000 $4,081,000 $4,070,000 (a) Using horizontal analysis, calculate the percentage of a base-year amount, assuming 2022 is the base year. (Round answers to 1 decimal place, e.g. 5.2%.) 2024 131.6 3 SUPPORT
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
7th Canadian edition
1119368456, 978-1119211587, 1119211581, 978-1119320623, 978-1119368458
