The comparative temporary investments and inventory balances of a company follow: Current Year Previous Year Temporary investments $36,000 $30,000 Inventory 72,000 75,000 Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis? Change in Amount Increase/Decrease Percentage Temporary investments Merchandise inventory %

The comparative temporary investments and inventory balances of a company follow: Current Year Previous Year Temporary investments $36,000 $30,000 Inventory 72,000 75,000 Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis? Change in Amount Increase/Decrease Percentage Temporary investments Merchandise inventory %

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 48CE

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