Bayberry Office Plus has the following selected financial information for sales, gross profit, net income, current assets,

Question:

Bayberry Office Plus has the following selected financial information for sales, gross profit, net income, current assets, current liabilities, total assets, total liabilities, and stockholders’ equity (all in thousands of dollars) for the past two years: 

2021 2020 Sales $7,480 $6,820 Gross profit 3,520 1,540 Net income 650 220 Current assets: Cash $ 80 $ $ 75 Accounts receivable 680 600 Inventory 1,020 1,000 Total current assets $1,780 $1,675 Total assets 2,420 3,080 Current liabilities 465 450 Total liabilities 1,320 2,310 Total stockholders' equity 1,100 770


Required 

Using the selected data, prepare a horizontal analysis for Bayberry Office Plus. Comment on any significant findings.

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Managerial Accounting

ISBN: 9781119577720

7th Edition

Authors: James Jiambalvo

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