Question
Use the horizontal percentage change for period method of horizontal analysis to calculate the horizontal percentage change in (net) plant assets from 2021 to 2022.
Use the horizontal percentage change for period method of horizontal analysis to calculate the horizontal percentage change in (net) plant assets from 2021 to 2022. Enter your answer as a percentage to the nearest % (For example, if the answer is 10%, enter 10).
|
| December 31, 2022 | December 31, 2021 |
| Current assets | $234,000 | $180,000 |
| Plant assets (net) | 756,000 | 420,000 |
| Total Assets | 990,000 | 600,000 |
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Business Accounting An Introduction To Financial And Management Accounting
Authors: Jill Collis, Roger Hussey, Andrew Holt, Holt Collis, J. Collis
2nd Edition
0230276237, 978-0230276239
