Question
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 | $ | % |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Income Tax Fundamentals 2015
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill
33rd Edition
9781305177772, 128543952X, 1305177770, 978-1285439525
