Summary financial information for Gandaulf Company is as follows. Current assets Plant assets Dec. 31,...
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Summary financial information for Gandaulf Company is as follows. Current assets Plant assets Dec. 31, 2020 $ 200,000 1,040,000 $1,240,000 Dec. 31, 2019 $ 220,000 780,000 $1,000,000 Total assets 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%.) Amount Percent Current assets Plant assets 7 (20000) 1 260000 24000 (10) % 33% 24 Total assets
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