Summary financial information for Gandaulf Company is as follows. Compute the amount and percentage changes in 2020 using horizontal analysis, assuming 2019 is the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 2 decimal places, e.g. 1.25%.) Increase (Decrease) in 2020 December 31, 2020 December 31, 2019 Amount Percent Current Assets $ 180,600 $ 210,000 $ enter a dollar amount enter your answer in percentages rounded to 2 decimal places % Plant Assets 821,600 790,000 enter a dollar amount enter your answer in percentages rounded to 2 decimal places % Total assets $ 1,002,200 $ 1,000,000 $ enter a total of the two previous amounts enter your answer in percentages rounded to 2 decimal places
Summary financial information for Gandaulf Company is as follows. Compute the amount and percentage changes in 2020 using horizontal analysis, assuming 2019 is the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 2 decimal places, e.g. 1.25%.) Increase (Decrease) in 2020 December 31, 2020 December 31, 2019 Amount Percent Current Assets $ 180,600 $ 210,000 $ enter a dollar amount enter your answer in percentages rounded to 2 decimal places % Plant Assets 821,600 790,000 enter a dollar amount enter your answer in percentages rounded to 2 decimal places % Total assets $ 1,002,200 $ 1,000,000 $ enter a total of the two previous amounts enter your answer in percentages rounded to 2 decimal places
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 54CE
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Summary financial information for Gandaulf Company is as follows.
Compute the amount and percentage changes in 2020 using horizontal analysis, assuming 2019 is the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 2 decimal places, e.g. 1.25%.)
Increase (Decrease) in 2020
|
|||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
December 31, 2020
|
December 31, 2019
|
Amount
|
Percent
|
||||||||
Current Assets
|
$ 180,600
|
$ 210,000
|
$ enter a dollar amount
|
enter your answer in percentages rounded to 2 decimal places % | |||||||
Plant Assets
|
821,600
|
790,000
|
enter a dollar amount
|
enter your answer in percentages rounded to 2 decimal places %
|
|||||||
Total assets
|
$ 1,002,200
|
$ 1,000,000
|
$ enter a total of the two previous amounts
|
enter your answer in percentages rounded to 2 decimal places
|
![Summary financial information for Gandaulf Company is as follows.
Compute the amount and percentage changes in 2020 using horizontal analysis, assuming 2019 is the base year. (Enter negative
amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses eg. (45), (45%). Round percentages to
2 decimal places, e.g. 1.25%.)
Increase (Decrease) in 2020
December 31,
December 31,
2020
2019
Amount
Percent
Current Assets
$ 180,600
$ 210,000
Plant Assets
821,600
790,000
Total assets
$ 1,002,200
$ 1,000,000
$
%24
%24](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd6ac4a4e-fd30-42c7-97c1-7b46a254b0a6%2F66017a3a-daaf-4901-89d5-f1593c92b4c8%2Fsng1p0h_processed.png&w=3840&q=75)
Transcribed Image Text:Summary financial information for Gandaulf Company is as follows.
Compute the amount and percentage changes in 2020 using horizontal analysis, assuming 2019 is the base year. (Enter negative
amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses eg. (45), (45%). Round percentages to
2 decimal places, e.g. 1.25%.)
Increase (Decrease) in 2020
December 31,
December 31,
2020
2019
Amount
Percent
Current Assets
$ 180,600
$ 210,000
Plant Assets
821,600
790,000
Total assets
$ 1,002,200
$ 1,000,000
$
%24
%24
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