12. Horizontal Analysis LO2 The following asset information is available for BSI
ID: 2760580 • Letter: 1
Question
12.
Horizontal Analysis LO2
The following asset information is available for BSI Inc.:
2012
2011
Cash $
35,000
$ 60,000
Accounts receivable
60,000
55,000
Inventory
125,000
175,000
Total current assets
220,000
290,000
Property and equipment
175,000
150,000
Total assets
$395,000
$440,000
Required
Prepare a horizontal analysis of BSI's assets. Round percentages to one decimal point (i.e., 12.8%).
2012
2011
Cash $
35,000
$ 60,000
Accounts receivable
60,000
55,000
Inventory
125,000
175,000
Total current assets
220,000
290,000
Property and equipment
175,000
150,000
Total assets
$395,000
$440,000
Explanation / Answer
Particulars 2012 2011 Increase(Decrease) %change from 2011 Cash 35,000.00 60,000.00 (25,000.00) -41.7% Accounts Receivable 60,000.00 55,000.00 5,000.00 9.1% Inventory 125,000.00 175,000.00 (50,000.00) -28.6% Total Current Assets 220,000.00 290,000.00 (70,000.00) -24.1% Property plant Equipment (net) 175,000.00 150,000.00 25,000.00 16.7% Total 395,000.00 440,000.00 (45,000.00) -10.2%
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