Required: 1. Complete the two final columns shown beside each item in Pinnacle Plus's comparative financial...

Question

Question

Answer 1

Answer #1

Accounts receivable, Net Inventory Property and Equipment, Net Accounts payable Amount Percentage $ 7,000 -34.04% -8.85% $ 8,

Accounts receivable, Net Inventory Property and Equipment, Net Accounts payable Amount Percentage =17400-10400 =-12800/37600

*Please rate thumbs up

Answer 2

Similar Homework Help Questions

Horizontal Analysis Increase (Decrease) in the Current year (versus Previous year) Amount Percentage Current Year Previous...

Horizontal Analysis Increase (Decrease) in the Current year (versus Previous year) Amount Percentage Current Year Previous Year $ % Income Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Interest Expense Income before Income Tax Expense Income Tax Expense (30%) Net Income Balance Sheet Cash Accounts Receivable. Net 122,000 54,400 67,600 35,000 3,800 28,800 8,640 20,160 107,400 49,200 58,200 32,200 3,800 22,200 6,660 15,540 $ 15,000 5,200 9,400 2,800 0 46,600 1,980 $ 4,620 13.6 10.6 16.2 8.1...
Pinnacle Plus declared and paid a cash dividend of $6,400 in the current year. Its comparative...

Pinnacle Plus declared and paid a cash dividend of $6,400 in the current year. Its comparative financial statements, prepared at December 31, reported the following summarized information: Required: 1. Complete the two final columns shown beside each item in Pinnacle Plus's comparative financial statements. 2-a. Which account increased by the largest dollar amount? 2-b. Which account increased by the largest percentage? PINNACLE PLUS Horizontal Analysis Increase (Decrease) in the Current year (versus Previous year) Amount Percentage Current Year Previous Year...