The following information is provided for TechnoWorld, a company specializing in providing Internet technology assistance for clients:
Question:
The following information is provided for TechnoWorld, a company specializing in providing Internet technology assistance for clients:
Perform a horizontal analysis of this balance sheet and identify any accounts that may be questionable. Take into account technology industry trends when performing the analysis.
Transcribed Image Text:
2014 2015 2016 2017 Cash $1,000 $1,200 $1,400 $1,500 Accounts Receivable 250 375 600 900 Inventory 600 700 825 975 PP&E (net) 1,500 1,700 1,800 1,950 Notes Receivable 500 500 500 500 Total Assets $3,850 $4,475 $5,125 $5,825 Accounts Payable $700 $900 $1,000 $1,100 Other Current 200 300 350 425 Liabilities Notes Payable 1,200 1,400 $1,500 $1,750 Total Liabilities $2,100 $2,600 $2,850 $3,275 Stock Outstanding $1,000 $1,000 $1,000 $1,000 Retained Earnings 750 875 1,275 1,550 Total Share $1,750 $1,875 $2,275 $2,550 holders' Equity Total Liabilities and $3,850 $4,475 $5,125 $5,825 Shareholders' Equity
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