Using the following data from the comparative balance sheet of Goody Company, illustrate horizontal analysis. December 31,

Question:

Using the following data from the comparative balance sheet of Goody Company, illustrate horizontal analysis.

December 31, 2017 December 31, 2016 Accounts receivable $ 520,000 $ 400,000 Inventory Total assets 840,000 3,000,000 600,000 2,500,000

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...