Question: 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

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 $ 8,240 $ 6,592 Credit card receivables 1,480 2,398 Food inventories 4,480 6,506 Beverage inventories 2 ,880 2,488 Total current assets $17,280 $ 17,944

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