DE18-2 Study Exhibit 18-2, the horizontal analysis of Lucent Technologies' balance sheet at September 30, 1999. Focus

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DE18-2 Study Exhibit 18-2, the horizontal analysis of Lucent Technologies' balance sheet at September 30, 1999. Focus on the 41.0% increase in receivables and the 35.5% increase in inventories during 1999. Assume that Lucent's income statement reported a decrease in sales during 1999. Would the large percentage increases in receivables and inventories convey good news or bad news about the company? Explain your reasoning.

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