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  3. the following comparative current asset informatio

The following comparative current asset information has been extracted from a balance sheet for two successive...

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Accounting

The following comparative current asset information has beenextracted from a balance sheet for two successive years. Complete ahorizontal analysis for years 0007 too 0008 and a verticalcommon-sized analysis for year 0008. show the increase (+) ordecrease (-) in dollars and the percentage of changes in thehorizontal analysis

current assetsyear 0007year 0008
cash$10,000$12,000
credit card1,0001,500
accounts receivable800880
food inventory11,2007,840
prepaid expenses3,3004,620
total current assets$26,30026,840

Answer & Explanation Solved by verified expert
4.2 Ratings (517 Votes)
Here is the horizontal analysis Current Assets Year 0007 Year 0008 Variance of Change Cash 10000 12000 2000 20    See Answer
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