Available information from Panosian Company for the years 2012 and 2011 is as follows: Required Prepare a

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Available information from Panosian Company for the years 2012 and 2011 is as follows:

Required
Prepare a horizontal analysis of Panosian Company's balances. Round percentages to one decimal point (i.e., 4.8%). Can you make a general conclusion about the direction of the company? How?

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Financial ACCT2

ISBN: 978-1111530761

2nd edition

Authors: Norman H. Godwin, C. Wayne Alderman

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Question Posted: Jul 16, 2015 03:05 AM

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Available information from Panosian Company for the years 2012 and 2011 is as follows: Required Prepare a

Question:

2012 2011 Inventory Other assets Cost of goods sold Sales Retained earnings Long term liabilities $105,000 85,000 385,000 315,000 76,000 55,000 129,000 80,000 135,000 100,000 120,000 135,000

Step by Step Answer:

Horizontal analysis Inventory 105000 8500085000 235 increase Other assets 385000 3150003150...View the full answer

Financial ACCT2

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