A Comparative information taken from the Cullumber Company financial statements is shown below.(a) Accounts receivable(b) Retained earnings(c) Sales revenue(d) Operating expenses(e) Income taxes payable(a) Accounts receivable(b) Retained earningsUsing horizontal analysis, show the percentage change from 2024 to 2025 with 2024 as the base year. (Round answers to O decimalplaces, eg. 5%. Do not leave any answer field blank. Enter O for amounts)(c) Sales revenue(d) Operating expenses2025$161.040(e) Income taxes payable29,040791,840164,43010,2602024$132,000(13,200)707,000189,0009,500Percentage change

When evaluating the pace and direction of changes in a company's financial performance over time,…

Answered: etained earnings ales revenue Operating…

etained earnings ales revenue Operating expenses ncome taxes payable 29,040 (13,200) 791,840 707,000 164,430 189,000 10,260 9,500

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 8EA: Using the following select financial statement information from Black Water Industries, compute the...

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Question

Comparative information taken from the Cullumber Company financial statements is shown below.
(a) Accounts receivable
(b) Retained earnings
(c) Sales revenue
(d) Operating expenses
(e) Income taxes payable
(a) Accounts receivable
(b) Retained earnings
Using horizontal analysis, show the percentage change from 2024 to 2025 with 2024 as the base year. (Round answers to O decimal
places, eg. 5%. Do not leave any answer field blank. Enter O for amounts)
(c) Sales revenue
(d) Operating expenses
2025
$161.040
(e) Income taxes payable
29,040
791,840
164,430
10,260
2024
$132,000
(13,200)
707,000
189,000
9,500
Percentage change

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