Brief Exercise 18-3

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

December 31, 2015	December 31, 2014
Accounts receivable	$481,545	$391,500
Inventory	$843,920	$616,000
Total assets	$2,830,198	$2,504,600

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	$481,545	$391,500	$ 96000	7.9	%
Inventory	$843,920	$616,000	$ 546	2.9	%
Total assets	$2,830,198	$2,504,600	$ 540	1.8	%

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