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Author Question: Utica Corporation reported the following financial information:202020212022Cash$ 30,000$ 54,000$ ... (Read 13 times)

frosh101

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on: Feb 5, 2023

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?
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by frosh101 on Feb 5, 2023

kyledifference

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Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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frosh101

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Reply 2 on: Feb 5, 2023
Great answer, keep it coming :)

gcook

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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