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Using the following data from the comparative balance sheet of Goody Company. December 31, 2015 December 31, 2014 Accounts receivable $541,710 $416,700 Inventory $816,620 $583,300
Using the following data from the comparative balance sheet of Goody Company.
December 31, 2015 | December 31, 2014 | |
Accounts receivable | $541,710 | $416,700 |
Inventory | $816,620 | $583,300 |
Total assets | $2,841,520 | $2,583,200 |
Illustrate horizontal analysis.(Round percentages to 0 decimal places, e.g. 12%.)
Increase or (Decrease) | |||||
Goody Company Balance Sheet | December31, 2015 | December31, 2014 | Amount | Percentage | |
Accounts receivable | $541,710 | $416,700 | $ | % | |
Inventory | $816,620 | $583,300 | $ | % | |
Total assets | $2,841,520 | $2,583,200 | $ | % |
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