Using the following data from the comparative balance sheet of Goody Company.
| December 31, 2015 |
December 31, 2014 |
| Accounts receivable |
$481,545 |
$391,500 |
| Inventory |
$843,920 |
$616,000 |
| Total assets |
$2,830,198 |
$2,504,600
|
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 |
$481,545 |
$391,500 |
$ 96000 |
7.9 |
% |
| Inventory |
$843,920 |
$616,000 |
$ 546 |
2.9 |
% |
| Total assets |
$2,830,198 |
$2,504,600 |
$ 540 |
1.8 |
% |