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Brief Exercise 213 Using these data from the comparative balance sheet of Santa Fe Spice Company, perform horizontal analysis
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Answer #1
Increase or (decrease)
December 31, 2017 December 31,2016 Amount Percentage
Accounts receivable 375000 300000 75000 25%
Inventory 780000 600000 180000 30%
Total assets 3220000 2800000 420000 15%
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