Figure 16-3 -Refer to Figure 16-3

question 65

Essay

Figure 16-3.The current asset section of the balance sheets of the Shamrock Company as of June 30, 2014 and 2013 is presented below. $\begin{array}{lrr} &2014&2013\\\text { Cash and cash equivalents }&\$&\$\\& 75,000 & 58,800 \\\text { Trade accounts receivable, net } & 157,500 & 193,200 \\\text { Inventory } & 208,200 & 253,400\\\text { Other current assets }\\&18,400&15,500\\\text { Total current assets }&\$459,100&\$520,900\\\text { Total assets }&\$2,650,000&\$3,430,000\end{array}$
-Refer to Figure 16-3. In the spaces provided below, complete a horizontal analysis of the current asset section of Shamrock Company's balance sheet for 2013. Your answers for "% Change" should be rounded to one decimal place,e.g., 10.3%. Provide a short evaluation of this analysis.
$\begin{array} { | l | l | l | } \hline \quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad& \text { \$ Change } & \text { \% Change } \\\hline & & \\\hline & & \\\hline & & \\\hline & & \\\hline\end{array}$

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Definitions:

Supply Objectives

Goals set by an organization regarding the procurement, management, and delivery of materials and products in a way that supports its business strategy and customer needs.

Organizational Objectives

The specific goals set by a business or institution that guide its operations and strategic direction.

Supply Manager

A professional responsible for overseeing the acquisition of goods and services needed by an organization, ensuring efficiency and cost-effectiveness.

Supply-Chain-Support Strategies

Plans and methodologies implemented to enhance the efficiency, resilience, and effectiveness of the supply chain, ensuring timely delivery of goods and services.