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Using the following data from the comparative balance sheet of Goody Company. December 31, 2015 December 31, 2014 Accounts receivable $520,000 $400,000 Inventory $840,000 $600,000

Using the following data from the comparative balance sheet of Goody Company.

December 31, 2015

December 31, 2014

Accounts receivable

$520,000

$400,000

Inventory

$840,000

$600,000

Total assets

$3,000,000

$2,500,000

Illustrate horizontal analysis. (Round percentages to 0 decimal places, e.g. 12%.)

Increase or (Decrease)

Goody Company Balance Sheet

December 31, 2015

December 31, 2014

Amount

Percentage

Accounts receivable

$520,000

$400,000

$

%

Inventory

$840,000

$600,000

$

%

Total assets

$3,000,000

$2,500,000

$

%

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