Summary financial information for Gandaulf Company is as follows. Compute the amount and percentage changes in 2020 using horizontal analysis, assuming 2019 is the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e,g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 2 decimal places, e,g 1.25%) Increase (Decrease) in 2020 December 31, December 31, 2019 2020 Amount Percent Current Assets $199,500 $210,000 Plant Assets 829.500 790,000 Total assets $1,029,000 $1,000,000

Summary financial information for Gandaulf Company is as follows. Compute the amount and percentage changes in 2020 using horizontal analysis, assuming 2019 is the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e,g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 2 decimal places, e,g 1.25%) Increase (Decrease) in 2020 December 31, December 31, 2019 2020 Amount Percent Current Assets $199,500 $210,000 Plant Assets 829.500 790,000 Total assets $1,029,000 $1,000,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 54CE

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