Question: Schellhammer Corporation reported the following amounts in 2016, 2017, and 2018. Instructions (a) Identify and describe the three tools of financial statement analysis. (b) Perform

Schellhammer reported the following amounts in 2016, 2017, and 2018.

Instructions
(a) Identify and describe the three tools of financial statement analysis.
(b) Perform each of the three types of analysis on Schellhammer€™s currentassets.

Current assets Current liabilities Total assets 2016 $200,000 150,000 500,000 2017 $210,000 168,000 600,000 2018 $240,000 184,000 620,000

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