Brief Exercise 18-3

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

December 31, 2015	December 31, 2014
Accounts receivable	$498,717	$380,700
Inventory	$837,336	$602,400
Total assets	$2,733,153	$2,462,300

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	$498,717	$380,700	$		%
Inventory	$837,336	$602,400	$		%
Total assets	$2,733,153	$2,462,300	$		%