What is the amount and percentage of increase or decrease

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The comparative cash and accounts receivable balances for a company are provided below.

 

2008

2007

Cash

$62,500

$50,000

Accounts receivable (net)

74,400

80,000

Based on this information, what is the amount and percentage of increase or decrease that would be shown in a balance sheet with horizontal analysis?

Reference no: EM13569055

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