Question
Using the following data from the comparative balance sheet of Goody Company. December 31, 2017December 31, 2016 Accounts receivable$463,600$380,000 Inventory783,000580,000 Total assets2,640,0002,400,000 Illustrate horizontal analysis.
Using the following data from the comparative balance sheet of Goody Company.
December 31, 2017December 31, 2016
Accounts receivable$463,600$380,000
Inventory783,000580,000
Total assets2,640,0002,400,000
Illustrate horizontal analysis. (Round percentages to 0 decimal places, e.g. 12%.)
Increase or (Decrease)
Goody Company
Balance SheetDecember 31, 2017December 31, 2016AmountPercentage
Accounts receivable$463,600$380,000$%
Inventory$783,000$580,000$%
Total assets$2,640,000$2,400,000$%
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Business Accounting
Authors: Jill Collis, Andrew Holt, Roger Hussey
3rd Edition
113752149X, 9781137521491
