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Show the percentage change

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Question - Comparative information taken from the ADIB Bank financial statements is shown below:

 

2019

2018

(a) Accounts receivable

$20,000

$-0-

(b) Inventory

182,000

140,000

(c) Net Income

30,000

(40,000)

(d) Account payable

44,000

20,000

(e) Service Revenue

960,000

750,000

(f) Administrative and Marketing expenses

170,000

200,000

Instructions - Using horizontal analysis, show the percentage change from 2018 to 2019 with 2018 as the base year.

Reference no: EM132616948

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