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Using horizontal analysis, calculate the percentage change for each year. (Round answers to 1 decimal place, e.g. 5.2%. Enter negative amounts using either a negative
Using horizontal analysis, calculate the percentage change for each year. (Round answers to 1 decimal place, e.g. 5.2%. Enter negative amounts using either a negative sign preceding the number e.g. -45.1% or parenthesis e.g. (45.1)%.)
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Question 4 Selected data from the comparative statements of financial position of Benton Ltd. are shown below: Cash Accounts receivable Inventory Property, plant, and equipment Intangible assets Total assets 2018 $149,000 604,000 785,000 3,105,000 88,000 $4,731,000 2017 $174,000 399,000 605,000 2,781,000 98,000 $4,057,000 2016 $74,000 454,000 707,000 2,841,000 $4,076,000 (a) Your answer is correct. Using horizontal analysis, calculate the percentage of a base-year amount, assuming 2016 is the base year. (Round answers to 1 decimal place, e.g. 5.2%.) 2018 2017 2016 201.4 T T Cash 235.1. 100 1331/ T 87.90 1 100 Accounts receivable 85.6. Inventory 109.37% T 97.90 100 Property, plant, and equipment (b) Using horizontal analysis, calculate the percentage change for each year. (Round answers to 1 decimal place, e.g. 5.2%. Enter negative amounts using either a negative sign preceding the number e.g. -45.1% or parenthesis e.g. (45.1) %.) 2018 2017 Cash Accounts receivable Inventory Property, plant, and equipment Intangible assets Attempts: 0 of 2 usedStep by Step Solution
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