Using these data from the comparative balance sheet of Ramirez Company, perform
ID: 2504935 • Letter: U
Question
Using these data from the comparative balance sheet of Ramirez 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, 2014
Dec. 31, 2013
Amount
Percentage
Increase or (Decrease)
Dec. 31, 2014
Dec. 31, 2013
Amount
Percentage
Accounts receivable $ 460,000 $ 400,000$
% Inventory $ 780,000 $ 650,000$
% Total assets $3,164,000 $2,800,000$
%Explanation / Answer
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Please find the answer as follows:
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Increase or (Decrease) Dec. 31, 2014 Dec. 31, 2013 Amount Percentage Accounts receivable 4,60,000 4,00,000 60,000 15% Inventory 7,80,000 6,50,000 1,30,000 20% Total assets 31,64,000 28,00,000 3,64,000 13%Related Questions
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