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D Question 23 The following is a summary of information presented on the financial statements...

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Accounting

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D Question 23 The following is a summary of information presented on the financial statements of a company on December 31, 20X9. Account 20x9 20x8 Current Assets $85,000 $71,000 Accounts Receivable 94,000 65,000 Merchandise Inventory 64,000 59,000 Current Liabilities 52,000 46,000 Long-term Liabilities 43,000 48.000 Common Stock 78,000 52.000 Retained Earnings 70,000 49,000 With respect to long-term liabilities, a horizontal analysis reveals long-term liabilities decreased by $26,000 long term fiabilities decreased by 56000 long-term liabilities decreased by 50.00% O long term liabilities decreased by 10.42%

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