Complete the Horizontal Analysis for the Balance Sheet

question 22

Multiple Choice

Complete the horizontal analysis for the balance sheet. Round to the nearest tenth of a percent.
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• A)71.9%, 77.8%, 92.2%, 80.0%, 82.9%, 75.5%, 81.9%
• B)39.1%, 28.4%, 8.4%, 25.0%, 20.7%, 32.4%, 22.0%
• C)28.1%, 22.2%, 7.8%, 20.0%, 17.1%, 24.5%, 18.1%
• D)39.0%, 28.6%, 8.4%, 25.0%, 20.7%, 32.4%, 22.1%

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Definitions:

Debit Memo

An adjustment notice sent to suppliers indicating a reduction in the amount due, typically for returned goods or invoice errors.

Miscellaneous Expense

Costs incurred by a business that don't fit into standard expense categories.

Journal

A record where transactions are entered in chronological order before they are posted to ledgers.

Liability

Represents financial obligations or debts that a company or individual owes to others, payable in the future.