Complete the horizontal analysis for the balance sheet. Round to the nearest tenth of a percent.
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A)-121.4%, -14.3%, 12.7%, 25.0%, 11.6%, 14.3%, 12.0%
B)221.4%, 114.3%, 87.3%, 75.0%, 88.4%, 85.7%, 88.0%
C)-54.9%, -12.7%, 14.6%, 33.3%, 13.2%, 16.7%, 13.5%
D)-54.8%, -12.5%, 14.6%, 33.3%, 13.2%, 16.7%, 13.6%

Question

Complete the horizontal analysis for the balance sheet. Round to the nearest tenth of a percent.
-
A)-121.4%, -14.3%, 12.7%, 25.0%, 11.6%, 14.3%, 12.0% 
B)221.4%, 114.3%, 87.3%, 75.0%, 88.4%, 85.7%, 88.0% 
C)-54.9%, -12.7%, 14.6%, 33.3%, 13.2%, 16.7%, 13.5% 
D)-54.8%, -12.5%, 14.6%, 33.3%, 13.2%, 16.7%, 13.6%

Quizplus · Accepted Answer

The horizontal analysis for the balance sheet shows a decrease of 54.8% in the cash balance, a decrease of 12.5% in accounts receivable, an increase of 14.6% in inventory, an increase of 33.3% in property, plant, and equipment, an increase of 13.2% in accounts payable, an increase of 16.7% in long-term debt, and an increase of 13.6% in total liabilities. Choice D is the only option that matches these percentages.

Complete the Horizontal Analysis for the Balance Sheet