Question
Brief Exercise 18-3 Your answer is incorrect.Try again. Using the following data from the comparative balance sheet of Goody Company. December 31, 2015 December 31,
Brief Exercise 18-3
| Your answer is incorrect.Try again. | |
Using the following data from the comparative balance sheet of Goody Company.
| December 31, 2015 | December 31, 2014 | |
| Accounts receivable | $481,545 | $391,500 |
| Inventory | $843,920 | $616,000 |
| Total assets | $2,830,198 | $2,504,600 |
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 | $481,545 | $391,500 | $ 96000 | 7.9 | % |
| Inventory | $843,920 | $616,000 | $ 546 | 2.9 | % |
| Total assets | $2,830,198 | $2,504,600 | $ 540 | 1.8 | % |
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Introduction To Health Care Management
Authors: Sharon B. Buchbinder, Nancy H. Shanks
3rd Edition
128408101X, 9781284081015
