Using these data from the comparative balance sheet of Rosalez Company, perform
ID: 2448734 • Letter: U
Question
Using these data from the comparative balance sheet of Rosalez Company, perform horizontal analysis. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 0 decimal places, e.g. 12%.)
Increase or (Decrease)
Dec. 31, 2012
Dec. 31, 2011
Percentage
Need only percentages for both 2012 and 2011
Increase or (Decrease)
Dec. 31, 2012
Dec. 31, 2011
Percentage
Accounts receivable $ 549,000 $ 399,000$
% Inventory $ 744,600 $ 646,800$
% Total assets $3,158,500 $2,730,000$
%Explanation / Answer
Particulars Dec 31 -12 Dec 31 -11 Increase or dec Comments Increase or dec in % Accounts Receivable 549,000.00 399,000.00 150,000.00 Increase 37.59% Inventory 744,600.00 646,800.00 97,800.00 Increase 15.12% Total Assets 3,158,500.00 2,730,000.00 428,500.00 Increase 15.70%
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