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The following financial statements are taken from the records of Karde Inc. a) Use horizontal analysis techniques to compare the changes between 2019 and
The following financial statements are taken from the records of Karde Inc. a) Use horizontal analysis techniques to compare the changes between 2019 and 2018 balance sheet items. Do not enter dollar signs or commas in the input boxes. Use the negative sign for negative values. Round all percentages to the nearest whole number (i.e. 21.61% should be entered as 22%). Karde Inc. Balance Sheet 2019 As at April 30 2018 $ Change % Change Current Assets Cash $309,700 $320,400 $ % Accounts Receivable $189,400 $153,800 $ % Merchandise Inventory $425,200 $389,900 $ % Short-Term Investments $83,100 $107,500 $ % Total Current Assets $1,007,400 $971,600 $ % Noncurrent Assets $170,900 $306,300 $ % Total Assets $1,178,300 $1,277,900 $ % Current Liabilities $187,600 $232,900 $ % Long-Term Liabilities $120,100 $148,900 $ % Total Liabilities $307,700 $381,800 $ % $870,600 $896,100 $ % Stockholders' Equity Total Liabilities and Equity $1,178,300 $1,277,900 $ %
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