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  • Horizontal and Vertical Analysis (Mira Company)

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    Cash increased 143.48% from 2018 to 2019, while accounts receivable decreased 26.67% and inventory decreased 17.65% over the same period. Accumulated depreciation increased 16.67% between the two years. The total assets increased by $24,000 or 55.81% from 2018 to 2019.

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    Cash increased 143.48% from 2018 to 2019, while accounts receivable decreased 26.67% and inventory decreased 17.65% over the same period. Accumulated depreciation increased 16.67% between the two years. The total assets increased by $24,000 or 55.81% from 2018 to 2019.

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    5 views2 pages

    Horizontal and Vertical Analysis (Mira Company)

    Uploaded by

    haleimhzlabd
    Cash increased 143.48% from 2018 to 2019, while accounts receivable decreased 26.67% and inventory decreased 17.65% over the same period. Accumulated depreciation increased 16.67% between the two years. The total assets increased by $24,000 or 55.81% from 2018 to 2019.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    Compute the Horizontal and Vertical Analysis of below Mira Company

    MIRA Company
    COMPARATIVE BALANCE SHEET
    DECEMBER 31, 2019 AND 2018
    ASSET HORIZONTAL ANALYSIS
    2019 2018 (+/-) %
    CASH 56,000.00 23,000.00 33,000.00 143.48%
    ACCOUNT RECEIVABLES 11,000.00 15,000.00 - 4,000.00 -26.67%
    INVENTORY 14,000.00 17,000.00 - 3,000.00 -17.65%
    ACCUM. DEPR - 14,000.00 - 12,000.00 - 2,000.00 16.67%
    TOTAL 67,000.00 43,000.00 24,000.00 55.81%
    VERTICAL ANALYSIS
    2019 2018
    83.58% 53.49%
    16.42% 34.88%
    20.90% 39.53%
    -20.90% -27.91%
    100% 99.99%

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