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Business, 22.12.2020 18:40 OrionGaming

The Bristol Corporation data for the current year and prior year is as follows: Account Current year Prior year Current assets $76,200 $60,000 A/R $59,400 $44,000 Mdse. Inventory $51,200 $40,000 Current liabilities $83,500 $55,000 Longterm liabilities $37,000 $30,000 Common stock (5,000 shares) $47,880 $42,000 Retained earnings $18,420 $17,000 Net sales revenue $618,000 $515,000 COGS $478,140 $385,000 Gross Profit $139,860 $130,000 Selling/General expenses $47,860 $50,000 Net income before taxes $92,000 $80,000 Income tax expense $23,000 $20,000 Net Income $69,000 $60,000 With respect to current liabilities, what would a horizontal analysis report?

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