Using these data from the comparative balance sheet of Rollaird Company, perform horizontal analysis. _____________________________December 31, 2019
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_____________________________December 31, 2019 December 31, 2018
Accounts receivable.......................$ 460,000...........................$ 400,000
Inventory.....................................780,000..............................650,000
Total assets.................................3,164,000...........................2,800,000
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Financial Accounting
ISBN: 978-1119305736
10th edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
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