Using horizontal analysis, show the percentage change from 2014 to 2015 with 2014 as the base year.

Using horizontal analysis, show the percentage change from 2014 to 2015 with 2014 as the base year.

Comparative
information taken from the Foren Company financial statements is shown below:

2015 2014

(a) Notes
receivable $ 20,000 $ -0-

(b) Accounts
receivable 175,000 140,000

(c) Retained
earnings 30,000 (40,000)

(d) Income
taxes payable 55,000 20,000

(e) Sales 900,000 750,000

(f) Operating
expenses 160,000 200,000

Instructions

Using horizontal analysis, show the percentage
change from 2014 to 2015 with 2014 as the base year.


Price: £ 45

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