Question
Brief Exercise 18-3 Using the following data from the comparative balance sheet of Goody Company. December 31, 2015 December 31, 2014 Accounts receivable $477,125 $381,700
Using the following data from the comparative balance sheet of Goody Company.
| December 31, 2015 | December 31, 2014 | |
| Accounts receivable | $477,125 | $381,700 |
| Inventory | $835,251 | $600,900 |
| Total assets | $2,776,862 | $2,457,400 |
Illustrate horizontal analysis.(Round percentages to 0 decimal places, e.g. 12%.)
| Increase or (Decrease) | |||||
| Goody Company Balance Sheet | December31, 2015 | December31, 2014 | Amount | Percentage | |
| Accounts receivable | $477,125 | $381,700 | $ | % | |
| Inventory | $835,251 | $600,900 | $ | % | |
| Total assets | $2,776,862 | $2,457,400 | $ | % |
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfiel
17th edition
1119503663, 1119571480, 1-119-50368-2, 111950368X, 978-1119503668
