Question: Consider the following: Year Increase ( Decrease ) 2 0 2 4 2 0 2 3 Amount % Cash $ 3 0 0 , 0

Consider the following:
Year Increase (Decrease)
20242023 Amount %
Cash $300,000 $800,000 $(500,000)(62.5)
Accounts receivable 500,000200,000300,000150.0
Inventory 800,000700,000100,00014.3
Long-term assets 3,400,0002,300,0001,100,00047.8
Total assets $5,000,000 $4,000,000 $1,000,00025.0
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