Brief Exercise 13-4 Using these data from the comparative balance sheet of Bloss
ID: 2589453 • Letter: B
Question
Brief Exercise 13-4
Using these data from the comparative balance sheet of Blossom 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, 2017
Dec. 31, 2016
Amount
Percentage
Accounts receivable
Inventory
Total assets
Increase or (Decrease)
Dec. 31, 2017
Dec. 31, 2016
Amount
Percentage
Accounts receivable
$ 446,400 $ 372,000 $Enter increase or decrease amount in dollars. Enter increase or decrease in percentages rounded to 0 decimal places. %Inventory
$ 771,250 $ 617,000 $Enter increase or decrease amount in dollars. Enter increase or decrease in percentages rounded to 0 decimal points. %Total assets
$3,326,420 $2,819,000 $Enter increase or decrease amount in dollars. Enter increase or decrease in percentages rounded to 0 decimal points. %Explanation / Answer
PARTICULARS YEARS INCREASE (DECREASE) Dec 31, 2017 Dec 31, 2016 Amount Percentage Accounts Receivables $446,400 $372,000 74,400 20.0% Inventory $771,250 $617,000 154,250 25.0% Total Assets $3,326,420 $2,819,000 507,420 18.0%
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