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Question. Analyze the account balances for accounts receivable, inventory, and short/current long-term debt. Describe any observations about those accounts and discuss additional information you want
Question. Analyze the account balances for accounts receivable, inventory, and short/current long-term debt. Describe any observations about those accounts and discuss additional information you want to consider during the current-year audit.
Accounts | 2019 | 2018 | 2017 | % Changes 2018-2019 | % Changes 2017-2018 |
Net Receivables | $ 12,742,165 | $ 8,619,857 | $ 7,936,409 | 47.82% | 8.61% |
Inventory | $ 31,936,021 | $ 25,537,198 | $ 25,271,503 | 25.06% | 1.05% |
Short/current long term debt | $ 15,375,819 | $ 10,298,668 | $ 9,672,670 | 49.30% | 6.47% |
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