Question: Brief Exercise 12-2 (Algo) Prepare horizontal analysis (LO12-2) Perform a horizontal analysis providing both the amount and percentage change. (Round your Percentage answers to 1
Brief Exercise 12-2 (Algo) Prepare horizontal analysis (LO12-2) Perform a horizontal analysis providing both the amount and percentage change. (Round your Percentage answers to 1 decimal place. Decreases should be indicated by a minus sign.) Cash Accounts receivable Inventory Long-term assets Total assets Cash Accounts receivable Inventory Long-term assets Total assets 2024 $ 314,500 626,250 861,000 3,485,050 $5,286,800 Year 2023 $850,000 250,000 750,000 2,350,000 $4,200,000 Increase (Decrease) Amount %
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