Question: Using these data from the comparative balance sheet of Carla Vista Co., perform horizontal analysis. (If amount and percentage are a decrease show the numbers
Using these data from the comparative balance sheet of Carla Vista Co., perform horizontal analysis. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 0 decimal places, e.g. 12%.)
| Increase or (Decrease) | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Dec. 31, 2020 | Dec. 31, 2019 | Amount | Percentage | ||||||
| Accounts receivable | $466,170 | $379,000 | $enter a dollar amount | enter percentages rounded to 0 decimal places | % | ||||
| Inventory | 803,840 | 628,000 | $enter a dollar amount | enter percentages rounded to 0 decimal places | % | ||||
| Total assets | 3,324,860 | 2,794,000 | $enter a dollar amount | enter percentages rounded to 0 decimal places | % | ||||
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