Question: Schellhammer Corporation reported the following amounts in 2014, 2015, and 2016. Instructions (a) Identify and describe the three tools of financial statement analysis. (b) Perform

Schellhammer Corporation reported the following amounts in 2014, 2015, and 2016.

Instructions
(a) Identify and describe the three tools of financial statement analysis.
(b) Perform each of the three types of analysis on Schellhammer€™s currentassets.

Current assets Current liabilities Total assets 2014 $200,000 150,000 500,000 2015 $210,000 168,000 600,000 2016 $240,000 184,000 620,000

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