Use the Current Asset Section of the Balance Sheets of the El

question 85

Essay

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.
$$\begin{array} { l r r } & \mathbf { 2 0 1 2 } & \mathbf { 2 0 1 1 } \\\text { Cash and cash equivalents } & \$ 75,000 & \$ 58,800 \\\text { Trade accounts receivable, net } & 157,500 & 193,200 \\\text { Inventory } & 208,200 & 253,400 \\\text { Other current assets } & 18,400 & 15,500 \\\quad \text { Total current assets } & \$ 459,100 & \$ 520,900 \\\text { Total assets } & \$ 2,650,000 & \$ 3,430,000\end{array}$$
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:

HIV/AIDS Epidemic

A global public health crisis characterized by the widespread prevalence of Human Immunodeficiency Virus (HIV) leading to the development of Acquired Immunodeficiency Syndrome (AIDS).

Less Developed Nations

Countries characterized by low levels of industrialization, economic activity, and human development indicators compared to more developed nations.

Congolese Church Groups

Religious communities or assemblies in the Congo, typically Christian, that play a role in the social and spiritual life of Congolese society.

Developed Nations

Countries with high levels of industrialization, a high standard of living, and advanced technological infrastructure relative to other less industrialized nations.