Brief Exercise 18-2 Schellhammer Corporation reported the following amounts in 2

Question

Brief Exercise 18-2 Schellhammer Corporation reported the following amounts in 2016, 2017, and 2018. Current assets Current liabilities Total assets 2016 273,000 150,000 $533,000 2017 $308,490 $168,000 $592,000 2018 $303,030 $184,000 $637,000 perform each of the three types of analysis on Sche hammers current assets. Round percentages to 0 decimal places, eg. 43% and ratios to 2 dec mal places e g 1.58. Use Illustration 18-3 formula or Horizontal Analysis 2016 2017 2018 Horizontal Analysis Current assets Current assets Current ratio

Explanation / Answer

18-2) b) Horizontal Analysis: 2016 2017 2018 Current assets 100% 308490/273000=113% 303030/273000=111% Vertical analysis Current assets 273/533=51% 308.49/592=52% 303.03/637=48% Ratio analysis Current ratio 273/150=1.82 308.49/168=1.84 303.03/184=1.65

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