Question: Brief Exercise 14-3 Using the following data from the comparative balance sheet of Goody Company. Accounts receivable Inventory Total assets December 31, 2015 $491,164 $848,595

Brief Exercise 14-3 Using the following data from the comparative balance sheet of Goody Company. Accounts receivable Inventory Total assets December 31, 2015 $491,164 $848,595 $2,929, 116 December 31, 2014 $396,100 $610,500 $2,525,100 Illustrate horizontal analysis. (Round percentages to 0 decimal places, e.g. 12%.) Increase or (Decrease) Goody Company Balance Sheet December 31, 2015 December 31, 2014 Amount Percentage Accounts receivable $491,164 $396,100 Inventory $848,595 $610,500 Total assets $2,929,116 $2,525,100 LINK TO TEXT
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
