the following data from the comparative balance

$13.00

Description

Brief Exercise 18-3

Using the following data from the comparative balance sheet of Goody Company.

December 31, 2015 December 31, 2014
Accounts receivable $503,976 $381,800
Inventory $792,608 $582,800
Total assets $2,721,950 $2,474,500

Illustrate horizontal analysis. (Round percentages to 0 decimal places, e.g. 12%.)

Increase or (Decrease)
Goody Company
Balance Sheet
December 31, 2015 December 31, 2014 Amount Percentage
Accounts receivable $503,976 $381,800 $122,176 32 %
Inventory $792,608 $582,800 $ ? 36 %
Total assets $2,721,950 $2,474,500 $ ? 10 %

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