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Using these data from the comparative balance sheet of Rollaird Company, perform horizontal analysis. Using these data from the comparative balance sheet of Rollaird Company,
Using these data from the comparative balance sheet of Rollaird Company, perform horizontal analysis.
Using these data from the comparative balance sheet of Rollaird Company, perform horizontal analysis. December 31, 2020 December 31, 2019 Accounts receivable $520,700 $410,000 Inventory 837,000 620,000 Total assets 2,958,260 2,507,000 (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Increase or (Decrease) December 31, 2020 December 31, 2019 Amount Percentage Accounts receivable $520,700 $410,000 % $ Inventory 837,000 620,000 % Total assets 2,958,260 2,507,000 %Step by Step Solution
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