question archive Using the following data from the comparative balance sheet of Goody Company
Using the following data from the comparative balance sheet of Goody Company
Subject:AccountingPrice:4.87 Bought7
Using the following data from the comparative balance sheet of Goody Company.
|
December 31, 2015 |
December 31, 2014 |
|||||
|
Accounts receivable |
$520,000 |
$400,000 |
||||
|
Inventory |
$840,000 |
$600,000 |
||||
|
Total assets |
$3,000,000 |
$2,500,000 |
||||
Illustrate horizontal analysis. (Round percentages to 0 decimal places, e.g. 12%.)
|
Increase or (Decrease) |
||||||||||||
|
Goody Company |
December 31, 2015 |
December 31, 2014 |
Amount |
Percentage |
||||||||
|
Accounts receivable |
$520,000 |
$400,000 |
$ |
|
% |
|||||||
|
Inventory |
$840,000 |
$600,000 |
$ |
|
% |
|||||||
|
Total assets |
$3,000,000 |
$2,500,000 |
$ |
|
% |
|||||||
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