Utica Corporation reported the following financial information:
$$\begin{array} { l c c c }
& \underline{2012} & \underline{2013} & \underline{2014} \
\text { Cash } & \$ 30,000 & \$ 54,000 & \$ 10,000 \
\text { Inventory } & \$ 80,000 & \$ 88,000 & \$ 94,000 \
\text { Sales } & \$ 640,000 & \$ 580,000 & \$ 460,000
\end{array}$$
a.If you prepared a horizontal analysis for inventory,what dollar change would be shown for 2014?
b.If you prepared a horizontal analysis for sales,what percentage change would be shown for 2014?

Question

Utica Corporation reported the following financial information:
 $$\begin{array} { l c c c } 
& \underline{2012} & \underline{2013} & \underline{2014} \
\text { Cash } & \$ 30,000 & \$ 54,000 & \$ 10,000 \
\text { Inventory } & \$ 80,000 & \$ 88,000 & \$ 94,000 \
\text { Sales } & \$ 640,000 & \$ 580,000 & \$ 460,000
\end{array}$$ 
a.If you prepared a horizontal analysis for inventory,what dollar change would be shown for 2014?
b.If you prepared a horizontal analysis for sales,what percentage change would be shown for 2014?

Quizplus · Accepted Answer

The Answer of Utica Corporation reported the following financial information:
 $$\begin{array} { l c c c } 
& \underline{2012} & \underline{2013} & \underline{2014} \
\text { Cash } & \$ 30,000 & \$ 54,000 & \$ 10,000 \
\text { Inventory } & \$ 80,000 & \$ 88,000 & \$ 94,000 \
\text { Sales } & \$ 640,000 & \$ 580,000 & \$ 460,000
\end{array}$$ 
a.If you prepared a horizontal analysis for inventory,what dollar change would be shown for 2014?
b.If you prepared a horizontal analysis for sales,what percentage change would be shown for 2014?

Utica Corporation Reported the Following Financial Information AIf You Prepared a Horizontal Analysis for Inventory,what Dollar Change