Schellhammer Corporation reported the following amounts in 2016, 2017, and 2018.

Question

Schellhammer Corporation reported the following amounts in 2016, 2017, and 2018. 2016 2017 2018 Current assets $234,000 $252,720 $257,400 Current liabilities $150,000 $168,000 $184,000 Total assets $513,000 $613,000 $614,000

Perform each of the three types of analysis on Schellhammer’s current assets. (Round percentages to 0 decimal places, e.g. 43% and ratios to 2 decimal places, e.g.1.58. Use Illustration 18-3 formula for Horizontal Analysis.)

Brief Exercise 18-2 Schellhammer Corporation reported the following amounts in 2016, 2017, and 2018 Current assets Current liabilities Total assets 201 $234,000 $150,000 $513,000 01 $252,720 $168,000 $613,000 $257,400 $184,000 $614,000 Perform each of the three types of analysis on Schellhammer's current assets. (Round percentages to 0 decimal places, eg, 43% and ratios to 2 decimal places, e.g.1.58. Use Illustration 18-3 formula for Horizontal Analysis.) 201 201 201 orizontal Analysis Current assets ertical Analysis Current assets atio Analysis Current ratio LINK TO TEXT LINK TO TEXT

Explanation / Answer

2016 2017 2018 Horizontal analysis 100 (252720/234000 (257400/234000 = 1.08 or 108% =1.1 or 110% Vertical analysis current asset /Total asset 234000/513000 252720/613000 257400/614000 = .46 or 46% =.41 or 41% =.42 or 42% Ratio analysis current asset /current liability 234000/150000=1.56 252720/168000 = 1.50 257400/184000= 1.40

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