View Policies Show Attempt History Current Attempt in Progress Selected data from the comparative statements...

80.2K

Verified Solution

Question

Accounting

image

image

View Policies Show Attempt History Current Attempt in Progress Selected data from the comparative statements of financial position of Munchies Ltd. are shown below. 2021 $148.000 600,000 777,000 3.107,000 90.000 $4.722.000 Cash Accounts receivable Inventory Property.plant and equipment Intangible assets Total assets 2020 $177,000 401,000 595,000 2,822,000 102,000 $4,097.000 2019 $76,000 453,000 694,000 2857.000 0 $4,000,000 (a) Your answer is correct Using horizontal analysis, calculate the percentage of a base-year amount, assuming 2019 is the base vear (Round answers to 1 decimal place, 23. 5.2%) 2021 2020 2019 1947 2329 95 ses 1325 % Accounts receivable 837 %6 Inventory 1088% 988 Property, plant, and equipment eTextbook and Media Attemptuunimited (b) Your answer is partially con Using horizontal analysis, calculate the percentage change for each year (Nound answers to deciples 5.2 Enter e Textbook and Media Attempts: unlimited (6) Your answer is partially correct. Using horizontal analysis, calculate the percentage change for each year. (Round answers to 1 decimal place, eg. 5.2%. Enter negative amounts using either a negative sign preceding the number c.g.-45.1% or parenthesis es (45.1)%) 2021 2020 96 Cash 1329 6 96 -115 % 30.7 % - 143 95 Accounts receivable Inventory Property.plant, and equipment Intangible assets -1296 96

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students