Question: Using the following data from the comparative balance sheet of Goody Company. December 31, 2017 December 31, 2016 Accounts receivable $520,000 $400,000 Inventory 861,800 620,000

Using the following data from the comparative balance sheet of Goody Company. December 31, 2017 December 31, 2016 Accounts receivable $520,000 $400,000 Inventory 861,800 620,000 Total assets 2,790,700 2,537,000 Illustrate horizontal analysis. (Round percentages to 0 decimal places, e.g. 12%.) Increase or (Decrease) Goody Company Balance Sheet December 31, 2017 December 31, 2016 Amount Percentage Accounts receivable $520,000 $400,000 $ % Inventory $861,800 $620,000 $ % Total assets $2,790,700 $2,537,000 $ %

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