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Comparative information taken from the Bergeron Company financial statements is shown below: ...

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Question

Accounting

Comparative information taken from the Bergeron Company financial statements is shown below:

2021

2020

(a)

Accounts receivable

 $ 175,000 $ 140,000

(b)

Retained earnings

 30,000 (14,000 )

(c)

Sales revenue

 855,000 750,000

(d)

Operating expenses

 170,000 200,000

(e)

Income taxes payable

 11,000 10,000

Using horizontal analysis, show the percentage change from 2020 to 2021 with 2020 as the base year. (Round answers to 0 decimal places, e.g. 20%. If answer is zero please enter 0, do not leave any fields blank.)

Percentage change

(a)

Accounts receivable

 enter percentages

%

 select an option Not possible to compute -Increase -Decrease

(b)

Retained earnings

 enter percentages % select an option IncreaseNot possible to compute -Decrease -increase

(c)

Sales revenue

 enter percentages % select an option Not possible to compute -decrease -increase

(d)

Operating expenses

 enter percentages % select an option Decrease- Not possible to compute -increase

(e)

Income taxes payable

 enter percentages % select an option Increase- Not possible to compute -Decrease

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