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Brief Exercise 18-3 Using the following data from the comparative balance sheet of Goody Company. December 31, 2017 December 31, 2016 Accounts receivable Inventory Total
Brief Exercise 18-3 Using the following data from the comparative balance sheet of Goody Company. December 31, 2017 December 31, 2016 Accounts receivable Inventory Total assets $467 400 $880,400 $620,000 52,427,000 Illustrate horizontal analysis. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Round percentages to O decimal places, e.g. 12%.) Goody Company December 31, 2017 December 31, 2016 Percentage Balance Sheet Accounts receivable Inventory Total assets $467,400 $880,400 2,863,860 $380,000 $620,000 $2,427,000
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