Question: Using these data from the comparative balance sheets of Crane Company, perform a horizontal analysis. December 31, 2022 December 31, 2021 Accounts receivable (net) $516,600

Using these data from the comparative balance sheets of Crane Company, perform a horizontal analysis. December 31, 2022 December 31, 2021 Accounts receivable (net) $516,600 $420,000 Inventory 826,000 590,000 Total assets 2,918,700 2,538,000 (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Increase or (Decrease) December 31, 2022 December 31, 2021 Amount Percentage Accounts receivable (net) $516,600 $420,000 $ 9 Inventory 826,000 590,000 9 Total assets 2,918,700 2,538,000 9
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
