Write a letter to your Uncle Sammy which answers his questions.
Schellhammer Corporation reported the following amounts in 2014, 2015, and 2016.
2014 2015 2016
Current assets $200,000 $210,000 $240,000
Current liabilities 150,000 168,000 184,000
Total assets 500,000 600,000 620,000
Instructions
(a) Identify and describe the three tools of financial statement analysis.
(b) Perform each of the three types of analysis on Schellhammer's current assets.