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

Question

Using the following data from the comparative balance sheet of Goody Company.
December 31, 2015 December 31, 2014 Accounts receivable $520,000 $400,000 Inventory $840,000 $600,000 Total assets $3,000,000 $2,500,000
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 $520,000 $400,000 $
% Inventory $840,000 $600,000 $
% Total assets $3,000,000 Using the following data from the comparative balance sheet of Goody Company.
December 31, 2015 December 31, 2014 Accounts receivable $520,000 $400,000 Inventory $840,000 $600,000 Total assets $3,000,000 $2,500,000
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 $520,000 $400,000 $
% Inventory $840,000 $600,000 $
% Total assets $3,000,000 Using the following data from the comparative balance sheet of Goody Company.
December 31, 2015 December 31, 2014 Accounts receivable $520,000 $400,000 Inventory $840,000 $600,000 Total assets $3,000,000 $2,500,000
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 $520,000 $400,000 $
% Inventory $840,000 $600,000 $
% Total assets $3,000,000 Using the following data from the comparative balance sheet of Goody Company.
December 31, 2015 December 31, 2014 Accounts receivable $520,000 $400,000 Inventory $840,000 $600,000 Total assets $3,000,000 $2,500,000
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 $520,000 $400,000 $
% Inventory $840,000 $600,000 $
% Total assets $3,000,000 Using the following data from the comparative balance sheet of Goody Company.
December 31, 2015 December 31, 2014 Accounts receivable $520,000 $400,000 Inventory $840,000 $600,000 Total assets $3,000,000 $2,500,000
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 $520,000 $400,000 $
% Inventory $840,000 $600,000 $
% Total assets $3,000,000 Using the following data from the comparative balance sheet of Goody Company.
December 31, 2015 December 31, 2014 Accounts receivable $520,000 $400,000 Inventory $840,000 $600,000 Total assets $3,000,000 $2,500,000
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 $520,000 $400,000 $
% Inventory $840,000 $600,000 $
% Total assets $3,000,000 Using the following data from the comparative balance sheet of Goody Company.
December 31, 2015 December 31, 2014 Accounts receivable $520,000 $400,000 Inventory $840,000 $600,000 Total assets $3,000,000 $2,500,000
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 $520,000 $400,000 $
% Inventory $840,000 $600,000 $
% Total assets $3,000,000 Using the following data from the comparative balance sheet of Goody Company.
December 31, 2015 December 31, 2014 Accounts receivable $520,000 $400,000 Inventory $840,000 $600,000 Total assets $3,000,000 $2,500,000
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 $520,000 $400,000 $
% Inventory $840,000 $600,000 $
% Total assets $3,000,000 Using the following data from the comparative balance sheet of Goody Company.
December 31, 2015 December 31, 2014 Accounts receivable $520,000 $400,000 Inventory $840,000 $600,000 Total assets $3,000,000 $2,500,000
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 $520,000 $400,000 $
% Inventory $840,000 $600,000 $
% Total assets $3,000,000

Explanation / Answer

Horizontal analysis Goody Company Balance Sheet 2015 2014 Amount Percentage Accounts receivable 520000 400000 120000 30% (120000/400000) Inventory 840000 600000 240000 40% (240000/600000) Total assets 3000000 2500000 500000 20% (500000/2500000)

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