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The following financial statements are taken from the records of Organo Inc. a) Use horizontal analysis techniques to compare the changes between 2019 and
The following financial statements are taken from the records of Organo 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%). Organo Inc. Balance Sheet As at January 31 2019 2018 $ Change % Change Current Assets Cash $327,800 $322,700 $ % Accounts Receivable $219,300 $187,100 $ % Merchandise Inventory $342,700 $382,400 $ % Short-Term Investments $71,500 $100,800 $ % Total Current Assets $961,300 $993,000 $ % Noncurrent Assets $349,000 $268,500 $ % Total Assets $1,310,300 $1,261,500 $ % Current Liabilities $287,700 $245,100 $ % Long-Term Liabilities $175,800 $134,600 $ % Total Liabilities $463,500 $379,700 $ % Stockholders' Equity $846,800 $881,800 $ %
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