Reference no: EM132322206
Question
Summary financial information for Sunland Company is as follows.
Dec.31,2020 Dec.31, 2019
Current assets $206,343 $227,000
Plant assets 1,153,280 848,000
Total assets $1,159,677 $927,000
Compute the amount and percentage changes in 2020 using horizontal analysis, assuming 2019 is the base year.
(If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.)