Howard Manufacturing strives to keep a consistent amount of cash on hand. Its latest balance sheet provides

Question:

Howard Manufacturing strives to keep a "consistent" amount of cash on hand. Its latest provides the following information:

Required
Using horizontal and vertical analyses, determine whether Howard is maintaining a "consistent" amount of cash. Round percentages to one decimal point (i.e., 9.4%).

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...