The following information is provided for Techno-World, a company specializing in providing Internet technology assistance for clients:

Perform a horizontal analysis of this balance sheet and identify any accounts that may be questionable. Take into account technology industry trends when performing theanalysis.

Transcribed Image Text:

2007 2008 2009 2010 Cash $1,0001200 $1,400 $1500 Accounts 250 375 600 900 Inventory 600 700 975 PP&E (net) I,5007001,800 1,950 Receivable Total Assets $3,850 $4475 $5,125 $5,825 Accounts Payable$700900 1,000 $1100 425 Other Current Liabilities 200 300 350 Notes Payable1200 1400S1.500 S150 $2,100$2,600 $2,850 $3,275 $1,000$1,000 $1,000 $1,000 Total Liabilities Outstanding Retained 750 875 1,275 1550 Earnings Total Share- $1,750 $1,875 | $2,275 | $2,550 holders' Equity Total Liabilities $3,850$4475 $5,125 $5,825 and Shane holders' Equity