The comparative balance sheets of SandhillClothiers are as follows: Cash Accounts receivable Inventory Total assets Cash December 31, 2014 $58,800 31,360 45,080 Perform horizontal analysis for SandhillClothiers. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, eg. 12.1%) Inventory Total assets 2014 Accounts receivable 31,360 $58,800 588,000 45,080 2013 $41,160 19,600 37,240 December 31, 2013 $41,160 19,600 37,240 568,400 588,000 568,400 Amount Increase (Decrease) Percentage % % % %
The comparative balance sheets of SandhillClothiers are as follows: Cash Accounts receivable Inventory Total assets Cash December 31, 2014 $58,800 31,360 45,080 Perform horizontal analysis for SandhillClothiers. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, eg. 12.1%) Inventory Total assets 2014 Accounts receivable 31,360 $58,800 588,000 45,080 2013 $41,160 19,600 37,240 December 31, 2013 $41,160 19,600 37,240 568,400 588,000 568,400 Amount Increase (Decrease) Percentage % % % %
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
Problem 3P
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