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Thumbs up to correct answers! if you could post solutions and work would be huge help Comparative data (in thousands) from the balance sheet of
Thumbs up to correct answers! if you could post solutions and work would be huge help
Comparative data (in thousands) from the balance sheet of Carla Vista Ltd. are shown below. 2021 2020 2019 2018 Cash $30 $56 $37 $27 Accounts receivable 260 224 194 144 Inventory 480 463 391 326 Prepaid expenses 28 0 10 28 Total current assets $798 $798 $743 $632 $525 Using horizontal analysis, calculate the percent of base year, assuming 2018 is the base year. (Round answers to decimal 53%) 2021 2020 2019 Cash (46) 96 51 % 37 96 Accounts receivable 16 %6 15 % 35 96 Inventory 4 %6 18 % 20 %6 Prepaid expenses 0 % 0 (64) % Total current assets 7 % 18 % 20 96
Thumbs up to correct answers! if you could post solutions and work would be huge help
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