Practice Brief Exercise 1 Using these data from the comparative balance sheet of

Question

Practice Brief Exercise 1 Using these data from the comparative balance sheet of Wildhorse Co., 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, 2017 Dec. 31, 2016Amount Percentage Accounts receivable$483,000$443,000 s Inventory Total assets Click if you would like to Show Work for this question: s 776,000 608,000 $3,168,000 2,707,000 Open Show Work

Explanation / Answer

Increase or (Decrease) Dec. 31, 2017 Dec. 31,2016 Amount Percentage Accounts receivable $483,000 $443,000 $40,000 9% Inventory $776,000 $608,000 $168,000 28% Total assets $3,168,000 $2,707,000 $461,000 17%

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