Use the current asset section of the balance sheets of the El Paso Company as of January 31, 2012 and 2011 presented below to answer the questions that follow.
Required:
(a) In the spaces provided below, complete a Percentage Change analysis of the current asset section of El Paso Company's balance sheet for 2012, using the following format to provide your answers for the amount of dollar change and the amount of percentage change, rounding "% Change" to one decimal place, e.g., 8.3%.
Accounts $ Change % Change
(b) Provide a short evaluation of this analysis.
Definitions:
Linear Equations
Equations where the highest power of the variable is one, creating a straight line when graphed.
Elimination
In solving systems of equations, elimination involves adding or subtracting equations to remove one variable, making it easier to solve for the others.
Solution
The answer to a problem or the explanation for a question, especially in mathematics or science.
Linear Equations
Equations in which the highest power of the variable(s) is one, producing a straight line when graphed on the Cartesian plane.
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