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The following information is provided for Techno-World, a company specializing in providing Internet technology assistance for clients: Techno-World 2013 2014 2015 2016 Cash $2,000 $2,400
The following information is provided for Techno-World, a company specializing in providing Internet technology assistance for clients:
2013 | 2014 | 2015 | 2016 | |
---|---|---|---|---|
Cash | $2,000 | $2,400 | $2,800 | $3,000 |
Accounts receivable | 400 | 500 | 600 | 900 |
Inventory | 600 | 700 | 800 | 1,000 |
PP&E (net) | 1,500 | 1,700 | 1,800 | 1,950 |
Notes receivable | 500 | 500 | 500 | 500 |
Total Assets | $5,000 | $5,800 | $6,500 | $7,350 |
Accounts Payable | 700 | 975 | 1,025 | 1,275 |
Other Current Liabilities | 250 | 450 | 550 | 625 |
Notes Payable | 1,200 | 1,400 | 1,550 | 1,800 |
Total Liabilities | $2,150 | $2,825 | $3,125 | $3,700 |
Stock Outstanding | $1,100 | $1,100 | $1,100 | $1,100 |
Retained Earnings | 1,750 | 1,875 | 2,275 | 2,550 |
Total Shareholders' Equity | $2,850 | $2,975 | $3,375 | $3,650 |
Total Liabilities and Shareholders' Equity | $5,000 | $5,800 | $6,500 | $7,350 |
Perform a horizontal analysis of this balance sheet and identify any accounts that may be questionable. Take into account technology industry trends when performing the analysis.
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