Question: Using these data from the comparative balance sheet of Crane Company, perform horizontal analysis. (If amount and percentage are a decrease show the numbers as
Using these data from the comparative balance sheet of Crane Company, 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, 2017 | Dec. 31, 2016 | Amount | Percentage | ||||||
| Accounts receivable | $ 486,000 | $ 394,000 | $Enter a dollar amount | Enter percentages rounded to 0 decimal places | % | ||||
| Inventory | $ 770,000 | $ 552,000 | $Enter a dollar amount | Enter percentages rounded to 0 decimal places | % | ||||
| Total assets | $3,112,000 | $2,760,000 | $Enter a dollar amount | Enter percentages rounded to 0 decimal places | % | ||||
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