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The following is a summary of Information presented on the financial statements of a company on December 31, 20X9. Account 20x9 20x8 Current Assets $85,000
The following is a summary of Information presented on the financial statements of a company on December 31, 20X9. Account 20x9 20x8 Current Assets $85,000 $75,000 Accounts Receivable 85,000 71.000 Merchandise Inventory 67.000 55.000 Current Liabilities 57.000 51.000 Long-term Liabilities 39,000 49.000 Common Stock 76,000 59.000 Retained Earnings 65.000 42.000 With respect to long-term liabilities, a horizontal analysis reveals honetarm labis decreased by 517.000 long term fiabilite decreased by 28.01 Olong-term ble decreased by 20.41% long-term fibis decreased by 56000
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