question archive Brief Exercise 13-04 Using these data from the comparative balance sheet of Cullumber Company, perform horizontal analysis
Brief Exercise 13-04 Using these data from the comparative balance sheet of Cullumber Company, perform horizontal analysis
Subject:AccountingPrice: Bought3
Brief Exercise 13-04
Using these data from the comparative balance sheet of Cullumber Company, perform horizontal analysis. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 0 decimal places, e.g. 12%.)
Increase or (Decrease)
Dec. 31, 2022
Dec. 31, 2021
Amount
Percentage
Accounts receivable
$ 608,400$ 520,000$Enter increase or decrease amount in dollars.
Enter increase or decrease in percentages rounded to 0 decimal places.
%Inventory
$ 931,700$ 770,000$Enter increase or decrease amount in dollars.
Enter increase or decrease in percentages rounded to 0 decimal points.
%Total assets
$3,381,000$2,940,000$Enter increase or decrease amount in dollars.
Enter increase or decrease in percentages rounded to 0 decimal points.
%
