Question $13$

$12$

Points

For an accessible version, see the Excel spreadsheet.

Example

$2022$

$2021$

$2022-2021$ #

Answer $/2021$

Update to $\%$

Cash and cash equivalents

$$330$

$$360$

$-$$$30$

$-0\mathrm{.}083333333$

$-8\mathrm{.}30\%$

Calculate the $2022$ Horizontal Analysis variance of $$Selling and Administrative Expenses$$ in $\%.$ Fill in the equations using the financial statements provided $($no symbols or commas$)$ and the $\%$ should be in a XX$.$XX format:

Step $1$: Blank $1$; $$ Blank $2$; $=$ Blank $3$;

Step $2$: Blank $4$; $-$: Blank $5$; $=$ Blank $6\%$