Horizontal analysis (Learning Objective 2) 1520 min. What were the dollar and percentage changes in Meghans Design

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Horizontal analysis (Learning Objective 2) 15–20 min.

What were the dollar and percentage changes in Meghan’s Design Services’ net working capital during 2013 and 2014? Is this trend favorable or unfavorable?

Total Current Assets Total Current Liabilities

$450,000 261,000 2014

$400,000 220,000 2013

$350,000 200,000 2012 AppendixLO1

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Financial Accounting

ISBN: 9781292019543

3rd Global Edition Edition

Authors: Robert Kemp, Jeffrey Waybright, Pearson Education

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