Horizontal and Vertical Analysis
Selected data from the financial statements of Jones Hardware
Company follows.
2019
2018
Accounts receivable
$63,600
$38,000
Merchandise inventory
12,300
16,000
Total assets
450,000
380,000
Net sales
380,000
270,000
Cost of goods sold
178,000
210,000
Required:
1. Calculate by how much accounts receivable,
merchandise inventory, total assets, net sales, and cost of goods
sold increased or decreased in dollar terms from 2018 to 2019.
Accounts receivable
$
Merchandise inventory
$
Total assets
$
Net sales
$...