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Summary financial information for Vaughn Company is as follows. Compute the amount and percentage changes in 2022 using horizontal analysis, assuming 2021 is the
Summary financial information for Vaughn Company is as follows. Compute the amount and percentage changes in 2022 using horizontal analysis, assuming 2021 is the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 2 decimal places, e.g. 1.25%.) Increase (Decrease) in 2022 December 31, 2022 December 31, 2021 Amount Current Assets $180,600 $210,000 $ Plant Assets 821,600 790,000 Total assets $1,002,200 $1,000,000 $ Percent % % %
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