1. Use the Condensed Balance Sheet below for Questions 1 and 2. When preparing a

Question

1. Use the Condensed Balance Sheet below for Questions 1 and 2.

When preparing a horizontal analysis, what would the percentage of change be for total assets?

a.9.6%
b 4.8%
c 39.9%
d 20.6%

2.

       47.0%
       100.0%
       8.0%
       19.0%

Using the Balance Sheet from Question 1, a vertical analysis of the balance sheet for 2012 would show a percentage figure for accounts receivable equal to: Desert View Company Balance Sheet March 31 2012 2011 Assets Cash Accounts receivable Inventory Property, plant & equipment Total assets Liabilities and Shareholders Equity Accounts payable Long-term liabilities Shareholders' equity Total liabilities and shareholders equity $60,000 $56,000 $142,500 $136,000 $195,000 $178,000 $352,500 $252,o00 750,000 $622,000 $127,500 S160,000 $150,o00 $472,500 $462,000 $750,000 $622,000

Explanation / Answer

1. Use the Condensed Balance Sheet below for Questions 1 and 2. When preparing a

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