Question: Using these data from the comparative balance sheet of Rollaird Company, perform horizontal analysis. December 31, 2019 Accounts receivable December 31, 2020 $463,600 861,800 2,669,550

Using these data from the comparative balance sheet of Rollaird Company, perform horizontal analysis. December 31, 2019 Accounts receivable December 31, 2020 $463,600 861,800 2,669,550 Inventory $380,000 620,000 2,405,000 Total assets (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Increase or (Decrease) Amount Percentage December 31, 2020 December 31, 2019 Accounts receivable $463,600 $380,000 % $ Inventory 861,800 620,000 % Total assets 2,669,550 2,405,000 %
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
