Miller Company reports the following assets from the last two years: 2020 2019 Current Assets: Cash...

 

Transcribed Image Text:

Miller Company reports the following assets from the last two years: 2020 2019 Current Assets: Cash and Cash Equivalents $2,100 $1,900 Accounts Receivable 1,800 1,500 Merchandise Inventory 1,300 1,000 Prepaid Expenses 1,400 2,300 Total Current Assets 6,600 6,700 Other Assets 16,000 14,000 Total Assets $22,600 $ 20,700 Using horizontal analysis, what is the percentage of increase in Cash and Eq Miller Company reports the following assets from the last two years: 2020 2019 Current Assets: Cash and Cash Equivalents $2,100 $1,900 Accounts Receivable 1,800 1,500 Merchandise Inventory 1,300 1,000 Prepaid Expenses 1,400 2,300 Total Current Assets 6,600 6,700 Other Assets 16,000 14,000 Total Assets $22,600 $ 20,700 Using horizontal analysis, what is the percentage of increase in Cash and Eq