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Prepare a horizontal analysis of the following excerpt of a balance sheet. Assets 2012 2011 Current assets Cash $32,450 $29,650 Accounts receivable $ 4,500 $

Prepare a horizontal analysis of the following excerpt of a balance sheet.

Assets

2012

2011

Current assets

Cash

$32,450

$29,650

Accounts receivable

$ 4,500

$ 3,300

Inventory

$ 18,960

$22,400

Equipment

$36,500

$31,300

Total assets

$92,410

$86,650

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