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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
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)
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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