Question
The following financial statements are taken from the records of Jade Inc. a) Use horizontal analysis techniques to compare the changes between 2020 and 2019
The following financial statements are taken from the records of Jade Inc. a) Use horizontal analysis techniques to compare the changes between 2020 and 2019 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 2 decimal places. Jade Inc. Balance Sheet As at March 31 2020 2019 $ Change % Change Current Assets Cash $315,500 $321,400 $Answer Answer % Accounts Receivable $154,600 $183,900 $Answer Answer % Merchandise Inventory $365,800 $402,800 $Answer Answer % Short-Term Investments $92,000 $119,100 $Answer Answer % Total Current Assets $927,900 $1,027,200 $Answer Answer % Long-Term Assets $139,000 $283,200 $Answer Answer % Total Assets $1,066,900 $1,310,400 $Answer Answer % Current Liabilities $244,500 $213,700 $Answer Answer % Long-Term Liabilities $92,900 $53,100 $Answer Answer % Total Liabilities $337,400 $266,800 $Answer Answer % Shareholders Equity $729,500 $1,043,600 $Answer Answer %
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started