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View Policies Current Attempt in Progress Toy Co Office Plus has the following selected financial information for sales, gross profit net income, current assets, current
View Policies Current Attempt in Progress Toy Co Office Plus has the following selected financial information for sales, gross profit net income, current assets, current liabilities, total assets, total liabilities, and stockholders' equity (all in thousands of dollars) for the past two years. 2021 2020 Sales $7,935 56,895 Gross pront 3.296 1,692 Net income 705 228 Current assets: Cash $78 $70 712 572 Accounts receivable Inventory 965 930 Total current assets $1.755 $1.572 2,562 3,225 488 429 Total assets Current liabilities Total liabilities Total stockholders' equity 1.355 2.402 1.207 823 (1) Using the selected data, prepare a horizontal analysis for Toy Co Office Plus. (Round percentage chanye answers to 1 decimal place, es, 5.2%. If amount and percentage are a decrease show the numbers as negative, es-S5,000.-5.2% or (55,000). (5.2% 2021 2020 Change Percent Change Sales $7.935 $6,895 $ Gross pront 3.296 1,692 $ % Net income 705 228 $ % Current assets Cash $78 $70 $ (a1) Using the selected data, prepare a horizontal analysis for Toy Co Office Plus. (Round percentage change answers to 1 decimal place, eg. 5.2%. If amount and percentage are a decrease show the numbers as negative, e.g. -55,000,-5.2% or (55,000).(5.2%).) a 2021 2020 Change Percent Change Sales $7.935 $6,895 $ $ %6 Gross profit 3,296 1,692 $ % Net income 705 228 $ % Current assets: Cash $78 $70 96 Accounts receivable 712 572 $ % Inventory 965 930 $ % Total current assets $1.755 $1,572 $ % Total assets 2.562 3,225 $ %6 Current liabilities 488 429 $ % Total liabilities 1,355 2,402 $ % Total stockholders' equity 1,207 823 $ %
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