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:

Dendrites

Projections of a neuron that receive signals from other neurons or sensory receptors and conduct them towards the cell body.

Cell Body

Also known as the soma, this is the central part of a neuron that contains the nucleus and is essential for processing and transmitting neural information; another term for neuron cell bodies.

Dorsal Roots

The sensory branches of spinal nerves that transmit sensory information from the peripheral nervous system to the spinal cord.

Spinal Cord

A long, thin, tubular bundle of nervous tissue and support cells that extends from the brainstem down the back, transmitting nerve signals to and from the brain.