Business, 28.08.2020 03:01 dianactorres

Homework American Corporation has the following financial information. Year 1 Year 2
Cash $202.95 $245.90
A/R 398.02 485.34
Inventory 785.12 648.54
If Year 1 is the base year, what is the percentage increase/decrease of each current asset amount?
A. Cash = 21% increase, A/R = 22% increase, Inventory = 17% decrease.
B. Cash = 25% decrease, A/R = 21% increase, Inventory = 27% decrease.
C. Cash = 21% increase, A/R = 22% decrease, inventory = 17% decrease.

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Homework American Corporation has the following financial information. Year 1 Year 2
Cash $2...