Perform a horizontal analysis on the following information providing both the dollar amount and percentage change (Decrease in
amount should be indicated by a minus sign. Round your percentages to 1 decimal place.):
2021
2020
Cash
$ 650,000 $ 220,000
Accounts receivable
960,000 800,000
Inventory
720,000
540,000
Long-term assets
1,900,000
2,300,000
Total assets
$4,230,000 $3,860,000
Increase (Decrease)
Amount
%
Cash
Accounts receivable
Inventory
Long-term assets
Total assets