Using these data from the comparative balance sheet of Patillo Company, perform horizontalanalysis December 31, 2010 December 3, 2009 Accounts receivable Inventory Total assets S 560,000 780,000 3,220,000 $ 400,000 650,000 2,800,000...

Horizontal analysis Increase or Decrease Dec 31 2010 D ...

Using these data from the comparative balance sheet of Patillo Company, perform horizontalanalysis. December 31, 2010 December

Question:

Using these data from the comparative balance sheet of Patillo Company, perform horizontalanalysis.

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...