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

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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.

 

 %

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