Summary financial information for Newburg Company is as follows. Compute the amount and percentage changes in 2013

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Summary financial information for Newburg Company is as follows.

Compute the amount and percentage changes in 2013 using horizontal analysis, assuming2012 is the base year.

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Financial Accounting Tools for business decision making

ISBN: 978-0470534779

6th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Sep 21, 2011 01:57 PM

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Summary financial information for Newburg Company is as follows. Compute the amount and percentage changes in 2013

Question:

Dec. 31, 2012 Dec. 31, 2013 $ 200,000 $ 220,000 Current assets Plant assets Total assets 780,000 1,040,000 $1,240,000 $1,000,000

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