Brief Exercise 13-04

Using these data from the comparative balance sheet of Cullumber Company, perform horizontal analysis.(If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 0 decimal places, e.g. 12%.)

Increase or (Decrease)

Dec. 31, 2022

Dec. 31, 2021

Amount

Percentage

Accounts receivable

$608,400$520,000$Enter increase or decrease amount in dollars.

Enter increase or decrease in percentages rounded to 0 decimal places.

%Inventory

$931,700$770,000$Enter increase or decrease amount in dollars.

Enter increase or decrease in percentages rounded to 0 decimal points.

%Total assets

$3,381,000$2,940,000$Enter increase or decrease amount in dollars.

Enter increase or decrease in percentages rounded to 0 decimal points.

%