Perform a horizontal analysis of this balance sheet

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


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

Required -

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.

Reference no: EM133171543

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