Using these data from the comparative balance sheet of Ramirez Company, perform horizontal analysis. (If amount and
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Question:
Using these data from the comparative balance sheet of Ramirez Company, perform horizontal analysis. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 0 decimal places, e.g. 12%.)
Increase or (Decrease) | |||||||||
Dec. 31, 2014 | Dec. 31, 2013 | Amount | Percentage | ||||||
Accounts receivable | $ 460,000 | $ 400,000 | $ |
| % | ||||
Inventory | $ 780,000 | $ 650,000 | $ |
| % | ||||
Total assets | $3,164,000 | $2,800,000 | $ |
| % |
Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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