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Schellhammer Corporation reported the following amounts in 2016, 2017, and 2018. Brief Exercise 14-2 Schellhammer Corporation reported the following amounts in 2016, 2017,, and 2018.

Schellhammer Corporation reported the following amounts in 2016, 2017, and 2018.

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Brief Exercise 14-2 Schellhammer Corporation reported the following amounts in 2016, 2017,, and 2018. 2016 2017 2018 Current assets $278.000 $297,460 $305.800 Current liabilities 150,000 168,000 184,000 Total assets 494,000 625,000 655,000 () Perform each of the three types of analysis on Schell hammer's current assets. (Round percentages to 0 decimal places, e.g. 43% and ratios to 2 decimal places, e.g.1.58. Use Illustration 14-3 formula for Horizontal Analysis.) 2016 2017 2018 Horizontal Analysis Current assets % Vertical Analysis Current assets % Ratio Analysis Current ratio 1 : 1 1

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