Using these data from the comparative balance sheets of Carla Vista Co., perform horizontal analysis. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%).) Increase or (Decrease) December 31, 2022 December 31, 2021 Amount Percentage Accounts receivable (net) $522,040 $421,000 $enter Accounts receivable in dollars enter Accounts receivable in percentages % Inventory 832,050 645,000 $enter Inventory in dollars enter Inventory in percentages % Total assets 3,383,060 2,773,000 $enter Total assets in dollars enter Total assets in percentages %
Using these data from the comparative balance sheets of Carla Vista Co., perform horizontal analysis. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%).) Increase or (Decrease) December 31, 2022 December 31, 2021 Amount Percentage Accounts receivable (net) $522,040 $421,000 $enter Accounts receivable in dollars enter Accounts receivable in percentages % Inventory 832,050 645,000 $enter Inventory in dollars enter Inventory in percentages % Total assets 3,383,060 2,773,000 $enter Total assets in dollars enter Total assets in percentages %
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter5: Sales And Receivables
Section: Chapter Questions
Problem 76E: Ratio Analysis The following information was taken from Nash Inc.s trial balances as of December 31,...
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Using these data from the comparative balance sheets of Carla Vista Co., perform horizontal analysis. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%).)
Increase or (Decrease)
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---|---|---|---|---|---|---|---|---|---|
December 31, 2022
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December 31, 2021
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Amount
|
Percentage
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||||||
Accounts receivable (net) | $522,040 | $421,000 |
$enter Accounts receivable in dollars
|
enter Accounts receivable in percentages
|
%
|
||||
Inventory | 832,050 | 645,000 |
$enter Inventory in dollars
|
enter Inventory in percentages
|
%
|
||||
Total assets | 3,383,060 | 2,773,000 |
$enter Total assets in dollars
|
enter Total assets in percentages
|
%
|
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