Maria Fierro Corporation reported the following amounts in 2012, 2013, and 2014.
|
|
2012
|
2013
|
2014
|
|
Current assets
|
$220,000
|
$230,000
|
$240,000
|
|
Current liabilities
|
$160,000
|
$170,000
|
$184,000
|
|
Total assets
|
$500,000
|
$600,000
|
$630,000
|
Instructions
(a) Identify and describe the three tools of financial statement analysis. (b) Perform each of the three types of analysis on Maria Fierro's current assets.