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

question 82

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
$\begin{array}{lrr}&2012&2011\\\text { Cash and cash equivalents } & \$ 75,000 & \$ 58,800 \\\text { Trade accounts receivable, net } & 157,500 & 193,200 \\\text { Inventory } & 208,200 & 253,400 \\\text { Other current assets } & 18,400 & 15,500 \\\quad \text { Total current assets } & \$ 459,100 & \$ 520,900 \\\text { Total assets } & \$ 2,650,000 & \$ 3,430,000\end{array}$

Required:
(a) In the spaces provided below, complete a Percentage Change analysis of the current asset section of E1 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., $8.3 \%$ .
$\underline{\text { Accounts }}$ $\underline { \text { \$Change } }$ $\underline{\% \text { Change }}$

(b) Provide a short evaluation of this analysis.
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Definitions:

Unconditional Positive Regard

Acceptance and love of someone’s whole self without conditions attached.

Self-Actualization

The process of realizing and fulfilling one's own potential and capabilities, often considered the highest level of psychological development.

Achievement Motive

Wanting to accomplish things, usually on one’s own and without help.

Implicit Motives

Unconscious motivations, usually measured with projective tests.