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Using these data from the comparative balance sheet of Pharoah Spice Company is presented below. Prepare a schedule showing a horizontal analysis for 2021
Using these data from the comparative balance sheet of Pharoah 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 $408,930 $317,000 receivable Inventory 814,440 617,000 Total assets 3,267,720 2,817,000 Increase or (Decrease) Percentage % % %
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Principles of Financial Accounting
Authors: Belverd E. Needles, Marian Powers
12th edition
978-1133940562, 1133940560, 978-1285608464, 1285608461, 1133939287, 978-0357693605, 978-1285607047, 128560704X, 978-1133939283
