Question

Selected financial information for Trant Corporation is presented below.

Prepare a schedule showing a horizontal analysis for 2020 using 2019 as the base year. (Round percentage answers to 0 decimal places, e.g. 15%.)

            Increase or (Decrease)
    Dec. 31, 2020   Dec. 31, 2019   Amount   Percentage  
Current assets   $  55,000   $  40,000   $
 
 
 
%
Long-term liabilities   90,000   80,000  
 
 
 
%
Retained earnings   125,000   100,000  
 
 
 
%

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