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Brief Exercise 18-2 Schellhammer Corporation reported the following amounts in 2016, 2017, and 2018. 2016 2017 2018 Current assets Current liabilities Total assets $269,000 $150,000

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Brief Exercise 18-2 Schellhammer Corporation reported the following amounts in 2016, 2017, and 2018. 2016 2017 2018 Current assets Current liabilities Total assets $269,000 $150,000 $518,000 $309,350 $168,000 $616,000 $328,180 $184,000 $643,000 (b) Perform each of the three types of analysis on Schellhammer's current assets. (Round percentages to o decimal places, e.g. 42% and ratios to 2 decimal places, e.g. 1.58. Use Illustration 18 3 formula for Horizontal Analysis.) 2016 2017 2018 Horizontal Analysis Current assets 0 20 Vertical Analysis Current assets 96 % Ratio Analysis Current ratio 11

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