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Using these data from the comparative balance sheets of Wildhorse 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)   $492,480   $432,000   $enter Accounts receivable in dollars    enter Accounts receivable in percentages % Inventory   703,290   591,000   $enter Inventory in dollars    enter Inventory in percentages % Total assets   3,030,500   2,755,000   $enter Total assets in dollars    enter Total assets in percentages %

Using these data from the comparative balance sheets of Wildhorse 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)   $492,480   $432,000   $enter Accounts receivable in dollars    enter Accounts receivable in percentages % Inventory   703,290   591,000   $enter Inventory in dollars    enter Inventory in percentages % Total assets   3,030,500   2,755,000   $enter Total assets in dollars    enter Total assets in percentages %

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Using these data from the comparative balance sheets of Wildhorse 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)   $492,480   $432,000  
$enter Accounts receivable in dollars 
  
enter Accounts receivable in percentages
%
Inventory   703,290   591,000  
$enter Inventory in dollars 
  
enter Inventory in percentages
%
Total assets   3,030,500   2,755,000  
$enter Total assets in dollars 
  
enter Total assets in percentages
%
 
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