The following information is provided for TechnoWorld, a company specializing in providing Internet technology assistance for clients:

Question:

The following information is provided for TechnoWorld, a company specializing in providing Internet technology assistance for clients:

2014 2015 2016 2017 Cash $1,000 $1,200 $1,400 $1,500 Accounts Receivable 250 375 600 900 Inventory 600 700 825 975 PP&E (net) 1,500 1,700 1,800 1,950 Notes Receivable 500 500 500 500 Total Assets $3,850 $4,475 $5,125 $5,825 Accounts Payable $700 $900 $1,000 $1,100 Other Current 200 300 350 425

Perform a horizontal analysis of this balance sheet and identify any accounts that may be questionable. Take into account technology industry trends when performing the analysis.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Fraud Examination

ISBN: 9781337619677

6th Edition

Authors: W. Steve Albrecht

Question Posted: