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Using these data from the comparative balance sheet of Ramirez Company, perform horizontal analysis.

Dec. 31, 2014 Dec. 31, 2013 Amount Percentage

Accounts receivable $535,000 $450,000 _______ _________
Inventory $792,000 $606,000 _______ _______
Total assets $3,138,000 $2,707,000 _______ _______

Respuesta :

Tundexi

Answer:

          Ramirez Company comparative balance sheet

                                             2014                                 2013

Particulars                     Amount        Percent           Amount       Percent

Accounts receivable     535,000         17.05%           450,000       16.62%

Inventory                        792,000         25.24%          606,000     22.39%

Other Assets                 1,811,000         57.71%            1,651,000     60.99%

Total assets                   3,138,000        100%             2,707,000   100%

2014 Workings

Account receivables= 535,000 / 3,138,000 * 100 = 17.05%

Inventory= 792,000 / 3,138,000 * 100 =25.24%

Other Assets= 1,811,000 / 3,138,000 * 100 = 57.71%

2013 Workings

Account receivables= 450,000/2,707,000 * 100= 16.62%

Inventory=606,000/2,707,000 * 100= 22.39%

Other Assets=1,651,000/2,707,000 * 100= 60.99%

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