Comparative Information Taken from the Friction Company's Financial Statements Is

question 1

Essay

Comparative information taken from the Friction Company's financial statements is shown below:
$\begin{array}{l}\begin{array}{lll}\\a& \text { Notes receivable}\\b& \text { Accounts receivable}\\c& \text { Retained earnings}\\d& \text { Sales}\\e& \text { Operating expenses}\\f& \text { Income taxes payable}\\\end{array}\begin{array}{lll}\text { Year 2 }&\text { Year 1}\\\$ 10,000&\$0\\106,200 & 90,000 \\30,000 & 40,00 \\654,000 & 600,000 \\160,000 & 200,000 \\28,000 & 20,000\end{array}\end{array}$
Using horizontal analysis,show the percentage change and direction increase or decrease from Year 1 to Year 2 with Year 1 as the base year.

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Definitions:

Digital Removal

A manual method to clear a blockage from the rectum or bowel, usually performed with gloves and lubricant for patient comfort.

Untoward Effect

An unwanted or negative effect caused by a medical treatment or procedure.

Nasogastric Tube Placement

The insertion of a flexible tube through the nose, past the esophagus, and into the stomach for feeding or medication administration.

Disoriented

A state of mental confusion or lack of awareness regarding time, place, or personal identity.