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Author Question: Utica Corporation reported the following financial information:202020212022Cash$ 30,000$ 54,000$ ... (Read 51 times)

frosh101

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Question 1

Utica Corporation reported the following financial information:

202020212022
Cash$  30,000$  54,000$  10,000
Inventory  80,000  88,000  94,000
Sales640,000580,000460,000

Required:

a.If you prepared a horizontal analysis for inventory, what dollar change will be shown
for 2022?
b.If you prepared a horizontal analysis for sales, what percentage change will be shown
for 2022?

Question 2

Utica Corporation reported the following financial information:

202020212022
Cash$  30,000$  54,000$  10,000
Inventory  80,000  88,000  94,000
Sales640,000580,000460,000

Required:

a.What is the trend percentage for cash in 2022 with 2020 as the base year?
b.What is the trend percentage for inventory in 2022 with 2020 as the base year?


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Marked as best answer by frosh101 on Feb 5, 2023

kyledifference

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frosh101

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Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review


ttt030911

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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