Below Is a Partially Completed Horizontal Analysis of a Balance

question 25

Short Answer

Below is a partially completed horizontal analysis of a balance sheet.
Rachel is completing a comparative analysis of her business'; balance sheet. What is the amount and percent of change in total assets from Year 1 to Year 2 for Rachels Candle Company?

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Definitions:

Relative Measurements

Relative measurements assess the value or performance of something in comparison to other items or benchmarks.

Absolute Measure

A quantitative metric that represents objective data or values, without comparison to other measures or relative benchmarks.

Supply Chain

A network of businesses, people, activities, information, and resources involved in moving a product or service from supplier to customer.

Relative Measure

A metric that compares performance, values, or other quantifiable factors to a standard or to each other instead of using absolute numbers.