The following information is provided for Techno-World, a company specializing in providing Internet technology assistance for clients.
Question:
The following information is provided for Techno-World, a company specializing in providing Internet technology assistance for clients.
1. perform a horizontal analysis of this balance sheet.
2. Then identify any accounts that may be questionable. Take into account technology industry trends when performing the analysis.
2012 | 2013 | 2014 | 2015 | |
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 Liabilities | 200 | 300 | 350 | 425 |
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 Shareholders' Equity | $1,750 | $1,875 | $2,275 | $2,550 |
Total Liabilities and Shareholders' Equity | $3,850 | $4,475 | $5,125 | $5,825 |