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The comparative balance sheet of goody company

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

December 31, 2015 December 31, 2014
Accounts receivable $481,545 $391,500
Inventory $843,920 $616,000
Total assets $2,830,198 $2,504,600

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 $481,545 $391,500 $ 96000 7.9 %
Inventory $843,920 $616,000 $ 546 2.9 %
Total assets $2,830,198 $2,504,600 $ 540 1.8 %


 

Reference no: EM131812748

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