Brief Exercise 134 Using these data from the comparative bal

Brief Exercise 13-4 Using these data from the comparative balance sheet of Cullumber Company, perform horizontal analysis. e.g.-55,000,-20% or (55,000), (20%). Round percentages to 0 decimal places, e.g. 12%.) Increase or (Decrease) Percentage Dec. 31, 2017 Dec. 31, 2016 439,000 641,000 $3,199,000 $2,700,000 Amount Accounts receivable Inventory Total assets $572,000 757,000

Solution

Dec 31 2017 A Dec 31 2016 B Amt A-B Percentage Calculation Accounts receivable $572,000 439000 $133,000 30 % 133000/439000*100 Inventory 757000 641000 $116,000 18 % 116000/641000*100 Total Assets 3199000 2700000 $499,000 18 % 499000/2700000*100 If any doubt please comment