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Use the financial information provided below to perform both a vertical and horizontal analysis of French Corp. Item 2018 2019 Cash $150,000 $85,000 Accounts Receivable
Use the financial information provided below to perform both a vertical and horizontal analysis of French Corp. Item 2018 2019 Cash $150,000 $85,000 Accounts Receivable $580,000 $630,000 Inventory $360,000 $430,000 Accounts Payable $410,000 $625,000 Net Plant and Equipment $1,250,000 $1,490,000 Long-Term Debt $1,470,000 $1,530,000 Common Stock and Paid-in Surplus $400,000 $400,000 Retained Earnings $60,000 $80,000 Net Sales $2,150,000 $2,550,000 Cost of Goods Sold $1,350,000 $1,590,000 Operating Expenses $125,000 $165,000 Depreciation Expense $240,000 $250,000 Management Salaries $220,000 $330,0
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