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:

Decision Making

The cognitive process of selecting a course of action among several alternatives.

Alternatives Generation

The process of creating or identifying different options or strategies to achieve a particular goal or solve a problem.

Problem-Focused Coping

A coping strategy that involves directly managing or solving a stressful problem, aiming to change the situation that is causing stress.

Emotion-Focused Strategies

Coping mechanisms aimed at managing or reducing the emotional distress associated with a problem without necessarily solving the problem itself.