Question: E3.1 A restaurant owner expressed concern about the changes in the cash, credit card receivables, and food and beverage inventories accounts in the months of

E3.1 A restaurant owner expressed concern about the changes in the cash, credit card receivables, and food and beverage inventories accounts in the months of July and August of the current year. He wants you to show him the dollar changes and the percentage of change for each of these accounts using comparative horizontal analysis.

July August Cash $ 8,880 $ 7,104 Credit card receivables 1,240 1,984 Food inventories 4,480 6,272 Beverage inventories 2

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