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Question 22 (8 points) The management team of Electrical Goods Inc. would like to learn...

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Accounting

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Question 22 (8 points) The management team of Electrical Goods Inc. would like to learn more about the changes from year to year. Select financial information from their Statement of Financial Position is given below. 2020 2019 2018 Assets Cash Accounts Receivable $87,000 42,000 11,500 $75,000 $60,000 47,000 43,000 13,500 16,200 Supplies Liabilities Current liabilities 11,100 13,400 11,500 Required: 1. Using Horizontal Analysis, complete the table below to calculate the percentage of the base-year amount for the Statement of Financial Position data provided above. Use 2018 as the base year. Round to one decimal place. (6 marks) 2. Should the management of the company have any concerns about the trends calculated below? Why? (2 marks) 1. 2020 2019 2018 Assets Cash Accounts Receivable Supplies Liabilities Current liabilities 2

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