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.

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Inside Elements

Fundamental or essential components that exist or operate within a particular system or context.

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A sociological perspective that views society as a complex system whose parts work together to maintain stability and social order.

Structures of Society

The complex framework of social institutions, organizations, norms, and values that shape social interactions and the functioning of a society.

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A condition of society in which there is a breakdown of social norms and values, leading to a state of normlessness.