Using the Following Selected Items from the Comparative Balance Sheet

question 59

Essay

Using the following selected items from the comparative balance sheet of Ames Company illustrate horizontal and vertical analysis. $\begin{array}{lcc}&\text { December 31, } 2015& \text { December 31, } 2014\\\text { Accounts Receivable } & \$ 960,000 & \$ 600,000 \\\text { Inventory } & 975,000 & 780,000 \\\text { Total Assets } & 4,000,000 & 2,500,000\end{array}$

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