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Example 2022 2021 2022 - 2021 # Answer / 2021 Update to % Cash and cash equivalents $330 $360 -$30 -0.083333333 -8.30% Calculate the 2022 Horizontal Analysis variance of Selling and Administrative Expenses in %. Fill in the equations using the financial statements provided (no symbols or commas) and the % should be in a XX.XX format: Step 1: Blank 1; Blank 2; = Blank 3; Step 2: Blank 4; Blank 5; = Blank 6 %

Total liabilities and stockholder's equity 2,3402,210 Directions: The condensed financial statements of Northside Medical Supplies for the year 2022 are presented in this worksheet with amounts in thousands of dollars. Use the information in this worksheet to complete Wk 4 Practice. Northside Medical Balance Sheet December 31, Table 1: A2-C19 \begin{tabular}{|r|r|r|r|} \hline Current Assets & 2022 & 2021 \\ \hline & Cash and cash equivalents & 330 & 360 \\ \hline Accounts receivable (net) & 470 & 400 \\ \hline Investments & Inventory & 460 & 390 \\ \hline & Prepaid expenses & 120 & 160 \\ \hline Total current assets & 1,380 & 1,310 \\ \hline Purrent liabilities & Property, plant, and equipment & 420 & 380 \\ \hline Intangibles and other assets & 530 & 510 \\ \hline Total assets & 2,340 & 2210 \\ \hline & Stockholder's equity - common & 1,030 & 1,040 \\ \hline \end{tabular}

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