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The management team of Bouncy Inc. would...

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Accounting

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The management team of Bouncy Inc. would like to learn more about the changes from year to year. Select financial information from their Statement of Financial Position is given below. 2020 2019 2018 Assets Cash Accounts Receivable Supplies $74,000 $82,000 $90,000 44,000 38,000 32,000 6,500 6,000 5,400 Liabilities Current liabilities 7,100 8,400 6,000 1. Using Horizontal Analysis, complete the table below to calculate the percentage of the base-year amount for the Statement of Financial Position data provided above. Use 2018 as the base year. Round to one decimal place. (6 marks) 2. Should the management of the company have any concerns about the trends calculated below? Why? (2 marks) V Paragraph B UA od lo . + 1. 2020 2019 2018 Assets Cash Accounts Receivable Supplies Liabilities Current liabilities 2

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