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Using these data from the comparative balance sheet of Oriole Spice Company is presented below. Prepare a schedule showing a horizontal analysis for 2021
Using these data from the comparative balance sheet of Oriole Spice Company is presented below. Prepare a schedule showing a horizontal analysis for 2021 using 2020 as the base year. (Round percentage answers to 1 decimal place, e.g. 15.2%.) December 31, 2021 December 31, 2020 Amount Accounts receivable $384,910 $305,000 Inventory 790,130 605,000 Total assets 3,231,360 2,805,000 Increase or (Decrease) Percentage % % %
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To perform a horizontal analysis we need to compare the changes in the account balances ...
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College Accounting A Practical Approach
Authors: Jeffrey Slater
12th edition
978-0132772068, 133468100, 013277206X, 9780133468106, 978-0133133233
