Summary financial information for Paragon Company is as follows. Compute the amount and percentage changes in 2014

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Summary financial information for Paragon Company is as follows.

Compute the amount and percentage changes in 2014 using horizontal analysis, assuming
2013 is the baseyear.

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Accounting Tools for Business Decision Making

ISBN: 978-1118128169

5th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Apr 07, 2014 11:42 AM

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Summary financial information for Paragon Company is as follows. Compute the amount and percentage changes in 2014

Question:

Dec. 31, 2014 Dec. 31, 2013 Current assets Plant assets Total assets 200,000 1.040,000 220,000 780,000 $1,240,000 $1,000,000

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