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Schellhammer Corporation reported the following amounts in 2016, 2017, and 2018. 2016 2017 Current assets Current liabilities Total assets $244,000 $150,000 $450,000 $270,840 $168,000 $626,000

Schellhammer Corporation reported the following amounts in 2016, 2017, and 2018. 2016 2017 Current assets Current liabilities Total assets $244,000 $150,000 $450,000 $270,840 $168,000 $626,000 2018 $302,560 $184,000 $670,000 (b) Perform each of the three types of analysis on Schellhammer's current assets. (Round percentag Horizontal Analysis.) 2016 2017 2018 Horizontal Analysis Current assets % % % Vertical Analysis Current assets % % % Ratio Analysis Current ratio 1 : 1 : 1 1

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