Question: 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

 Perform a horizontal analysis providing both the amount and percentage change.

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 Year 2021 2020 $ 420,000 $1,050,000 660,000 300,000 1,020,000 925,000 3,900,000 2,725,000 $6,000,000 $5,000,000 + Cash Accounts receivable Inventory Long-term assets Increase (Decrease) Amount $ (630,000 360,000 95,000 1,175,000 $ 1,000,000 Total assets

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