Selected data from the comparative statements of financial position of Kokomo Lt

Question

Selected data from the comparative statements of financial position of Kokomo Ltd. are shown below: 2018 2017 2016 $76,000 448,000 695,000 Cash Accounts receivable Inventory Property, plant, and equipment Intangible assets Total assets 603,000 782,000 3,152,000 92,000 $150,000 $176,000 397,000 596,000 2,810,000 102,000 2,851,000 $4,779,000 $4,081,000 $4,070,000 Using horizontal analysis, calculate the percentage change for each year. (Round answers to 1 decimal place, e.g. 5.2%. Enter negative amounts using either a negative sign preceding the number e.g.-45.190 or parenthesis e.g. (45.1)90.) 2018 2017 Cash Accounts receivable Inventory Property, plant, and equipment Intangible assets

Explanation / Answer

Dear Student Thank you for using Chegg Please find below the answer Statementshowing Computations Paticulars 2018 2017 2016 Cash              150,000.00               176,000.00                 76,000.00 Accounts receivable              603,000.00               397,000.00               448,000.00 Inventory              782,000.00               596,000.00               695,000.00 Property, Plant or equipment          3,152,000.00           2,810,000.00           2,851,000.00 Intangible assets                92,000.00               102,000.00                                -   Total Assets          4,779,000.00           4,081,000.00           4,070,000.00 Paticulars 2018 2017 2016 Cash -14.77% 131.58% Accounts receivable 51.89% -11.38% Inventory 31.21% -14.24% Property, Plant or equipment 12.17% -1.44% Intangible assets -9.80%

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