Answered

Explore Westonci.ca, the top Q&A platform where your questions are answered by professionals and enthusiasts alike. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

Using these data from the comparative balance sheet of Rollaird Company, perform horizontal analysis.
December 31, 2020 December 31, 2019
Accounts receivable $524,000 $400,000
Inventory 868,000 620,000
Total assets 3,018,600 2,580,000
Increase or (Decrease)
December 31, 2020 December 31, 2019 Amount Percentage
Accounts receivable $524,000 $400,000 $ %
Inventory 868,000 620,000 $ %
Total assets 3,018,600 2,580,000 $ %

Sagot :

Parrain

Answer:

                                                                                               Increase

                                             2020  -    2019            Amount           Percentage

Accounts receivable     524,000    400,000     $124,000                31%

Inventory                        868,000    620,000     $248,000               40%

Total Assets                 3,018,600  2,580,000  $438,600                17%

Percentage increase:

Accounts receivable = 124,000 / 400,000 = 31%

Inventory = 248,000 / 620,000 = 40%

Total Assets = 438,600 / 2,580,000 = 17%

We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.