Question: Perform a horizontal analysis providing both the amount and percentage change. (Round Percentage answers to 1 decimal place. Decreases should be indicated by a minus
Perform a horizontal analysis providing both the amount and percentage change. (Round Percentage answers to 1 decimal place. Decreases should be indicated by a minus sign.)
| Year | ||||
| 2018 | 2017 | |||
| Cash | $ | 278,860 | $ | 730,000 |
| Accounts receivable | 324,090 | 130,000 | ||
| Inventory | 715,680 | 630,000 | ||
| Long-term assets | 3,280,330 | 2,230,000 | ||
| Total assets | $ | 4,598,960 | $ | 3,720,000 |
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