Question
Schellhammer Corporation reported the following amounts in 2013, 2014, and 2015. 2013 2014 2015 Current assets $233,400 $252,072 $266,076 Current liabilities $159,310 $166,670 $183,330 Total
Schellhammer Corporation reported the following amounts in 2013, 2014, and 2015.
| 2013 | 2014 | 2015 | |
| Current assets | $233,400 | $252,072 | $266,076 |
| Current liabilities | $159,310 | $166,670 | $183,330 |
| Total assets | $521,480 | $552,850 | $600,720 |
(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
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Governmental And Nonprofit Accounting Theory And Practice
Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,
9th Edition
0132552728, 9780132552721
