Calculate the percentage of a base-year amount

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Reference no: EM132843031

Problem - Selected data from the comparative statements of financial position of Canarie Ltd. are shown below:

 

2021

2020

2019

Cash

$150,000

$175,000

$75,000

Accounts receivable

603,000

401,000

453,000

Inventory

783,000

595,000

698,000

Property, plant, and equipment

3,119,000

2,788,000

2,870,000

Intangible assets

90,000

100,000

0

Total assets

$4,745,000

$4,059,000

$4,096,000

Required - Using horizontal analysis, calculate the percentage of a base-year amount, assuming 2019 is the base year.

Reference no: EM132843031

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