Question
12. Horizontal Analysis LO2 The following asset information is available for BSI Inc.: 2012 2011 Cash $ 35,000 $ 60,000 Accounts receivable 60,000 55,000 Inventory
12.
Horizontal Analysis LO2
The following asset information is available for BSI Inc.:
| 2012 | 2011 | |
|---|---|---|
| Cash $ | 35,000 | $ 60,000 |
| Accounts receivable | 60,000 | 55,000 |
| Inventory | 125,000 | 175,000 |
| Total current assets | 220,000 | 290,000 |
| Property and equipment | 175,000 | 150,000 |
| Total assets | $395,000 | $440,000 |
Required
Prepare a horizontal analysis of BSI's assets. Round percentages to one decimal point (i.e., 12.8%).
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Handbook Of Communication Audits For Organisations
Authors: Owen D.W. Hargie, Dennis Tourish
1st Edition
0415186420, 978-0415186421
