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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 $ %

Respuesta :

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%

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