Question
Schellhammer Corporation reported the following amounts in 2013, 2014, and 2015. 2013 2014 2015 Current assets $207,700 $234,701 $251,317 Current liabilities $159,850 $166,340 $184,540 Total
Schellhammer Corporation reported the following amounts in 2013, 2014, and 2015.
| 2013 | 2014 | 2015 | |
| Current assets | $207,700 | $234,701 | $251,317 |
| Current liabilities | $159,850 | $166,340 | $184,540 |
| Total assets | $451,820 | $631,830 | $623,740 |
(b)
Perform each of the three types of analysis on Schellhammers current assets. (Round percentages to 0 decimal places, e.g. 43% and ratios to 2 decimal places, e.g.1.58.)
| 2013 | 2014 | 2015 | ||||
| Horizontal Analysis | ||||||
| Current assets | % | % | % | |||
| Vertical Analysis | ||||||
| Current assets | % | % | % | |||
| Ratio Analysis | ||||||
| Current ratio | 1.30 | 1.41 | 1.36 |
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Advanced Financial Accounting
Authors: Richard Baker, Valdean Lembke, Thomas King, Cynthia Jeffrey
8th Edition
73526916, 978-0073526911
