Horizontal and Vertical Analysis
Venus Clothing Company specialties in selling apparel for special occasions. in 2018 and 2019, Venus’ account balances were as follows:
Required:
1. Calculate the change in each of the Venus accounts from 2018 102019.
2. Indicate what happened from 2018 to 2019 to accounts receivable and merchandise inventory as a percentage of total assets. Indicate what happened from 2018 to 2019 to cost of goods sold as a percentage of net sales.
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