Homework Answers
Answer
(C) a 37.04% increase in current liability
Explanation
Under horzontal analysis comparison is done for Financial Ratios ,or any single item of 2 or more different Periods.
So for Current liabilities calculations will be done as follows
Current liability for year 2018 is $54000
Current liability for year 2019 is $74000
So for horizonal analysis we shall calculate Precentage increase in Current liability
{($74000-$54000)/$54000} x 100 ={$20000/$54000} x 100 = 37.037% or 37.04%
Therefore with respect to current liabilities Horizontal analysis reveals a 37.04% increase in current liability.
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