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(solution) I need help trying to figure this out. Using the following data


I need help trying to figure this out.

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



Brief Exercise 18-3

 

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

 

Inventory

 

Total assets December

 

31, 2015 December

 

31, 2014 $516,903 $400,700 $863,502 $608,100 $2,809,854 $2,531,400 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 $516,903 $400,700 %

 

$ Inventory $863,502 $608,100 %

 

$ Total assets $2,809,854 $2,531,400 %

 


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