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, 2022 | Dec. 31, 2021 | Amount | Percentage | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Accounts receivable | $ 353,400 | $ 310,000 | $Enter increase or decrease amount in dollars. | Enter increase or decrease in percentages rounded to 0 decimal places. | % | ||||
| Inventory | $ 666,400 | $ 560,000 | $Enter increase or decrease amount in dollars. | Enter increase or decrease in percentages rounded to 0 decimal points. | % | ||||
| Total assets | $3,062,300 | $2,710,000 | $Enter increase or decrease amount in dollars. | Enter increase or decrease in percentages rounded to 0 decimal points. | % | ||||
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