Perform a horizontal analysis providing both the amount and percentage change. (Round your Percentage answers to 1 decimal place. Decreases should be indicated by a minus sign.) Year 2021 2020 Cash $ 420,000 $ 1,050,000 Accounts receivable 660,000 300,000 Inventory 1,020,000 925,000 Long-term assets 3,900,000 2,725,000 Total assets $ 6,000,000 $ 5,000,000

Perform a horizontal analysis providing both the amount and percentage change. (Round your Percentage answers to 1 decimal place. Decreases should be indicated by a minus sign.) Year 2021 2020 Cash $ 420,000 $ 1,050,000 Accounts receivable 660,000 300,000 Inventory 1,020,000 925,000 Long-term assets 3,900,000 2,725,000 Total assets $ 6,000,000 $ 5,000,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter5: Sales And Receivables

Section: Chapter Questions

Problem 76E: Ratio Analysis The following information was taken from Nash Inc.s trial balances as of December 31,...

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Can you show me how to solve? Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands). 2022 2021 Cash $13,900 $9,900 Accounts receivable 23,300 19,900 Inventory 31,400 30,800 Other current assets 12,500 11,909 Total current assets $81,100 $72,509 Total current liabilities $252,500 $311,100 Compute the current ratio for each year. (Round answers to 2 decimal places, e.g. 2.12.) 2022 2021 Current ratio: enter the current ratio for year 2017 rounded to 2 demical places :1 enter the current ratio for year 2016 rounded to 2 demical places :1
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The following are Grouper Corp.’s comparative balance sheet accounts at December 31, 2020 and 2019, with a column showing the increase (decrease) from 2019 to 2020. COMPARATIVE BALANCE SHEETS 2020 2019 Increase(Decrease) Cash $818,200 $696,600 $121,600 Accounts receivable 1,132,100 1,177,800 (45,700 ) Inventory 1,841,000 1,713,900 127,100 Property, plant, and equipment 3,334,900 2,970,400 364,500 Accumulated depreciation (1,157,500 ) (1,030,100 ) (127,400 ) Investment in Myers Co. 308,600 273,500 35,100 Loan receivable 249,300 — 249,300 Total assets $6,526,600 $5,802,100 $724,500 Accounts payable $1,007,200 $949,700 $57,500 Income taxes payable 30,200 50,300 (20,100 ) Dividends payable 80,000 99,900…
The following are Blossom Corp.’s comparative balance sheet accounts at December 31, 2020 and 2019, with a column showing the increase (decrease) from 2019 to 2020. COMPARATIVE BALANCE SHEETS 2020 2019 Increase(Decrease) Cash $814,600 $706,000 $108,600 Accounts receivable 1,129,100 1,176,600 (47,500 ) Inventory 1,861,900 1,719,500 142,400 Property, plant, and equipment 3,335,800 2,940,300 395,500 Accumulated depreciation (1,159,600) (1,046,100) (113,500) Investment in Myers Co. 313,100 277,300 35,800 Loan receivable 249,200 — 249,200 Total assets $6,544,100 $5,773,600 $770,500 Accounts payable $1,013,700 $946,000 $67,700 Income taxes payable 29,900 50,000 (20,100 ) Dividends payable 80,200 99,800…
The financial statements of Island Furniture Company include the following items: 2025 2024 Cash $48,500 $43,000 Short−term Investments 25,000 13,500 Net Accounts Receivable 92,000 102,000 Merchandise Inventory 162,000 150,000 Total Assets 531,000 547,000 Total Current Liabilities 310,000 287,000 Long−term Note Payable 62,000 57,000 What is the 2025 acid−test ratio? (Round your answer to two decimal places.)

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	Year
	2021		2020
Cash	$	420,000		$	1,050,000
Accounts receivable		660,000			300,000
Inventory		1,020,000			925,000
Long-term assets		3,900,000			2,725,000
Total assets	$	6,000,000		$	5,000,000