Brief Exercise 18-3

Using the following data from the comparative balance sheet of Goody Company.

December 31, 2015	December 31, 2014
Accounts receivable	$477,125	$381,700
Inventory	$835,251	$600,900
Total assets	$2,776,862	$2,457,400

Illustrate horizontal analysis.(Round percentages to 0 decimal places, e.g. 12%.)

Increase or (Decrease)
Goody Company Balance Sheet	December31, 2015	December31, 2014	Amount	Percentage
Accounts receivable	$477,125	$381,700	$		%
Inventory	$835,251	$600,900	$		%
Total assets	$2,776,862	$2,457,400	$		%