Use the Current Assets Section of the Balance Sheets of the Breeze

question 52

Essay

Use the Current Assets section of the balance sheets of the Breeze Company as of June 30,2018 and 2017 presented below to answer the questions that follow.
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$\begin{array}{lrr}&2018&2017\\\text { Cash and cash equival ents } & \$ 75,000 & \$ 58,800 \\\text { Trade accounts receivable, net } & 157,500 & 193,200 \\\text { Inventory } & 208,200 & 253,400 \\\text { Other current assets } & 18,400 & 15,500 \\\quad \text { Total current assets } & \$ 459,100 & \$ 520,900 \\\text { Total assets } & \$ 2,650,000 & \$ 3,430,000\end{array}$ Required
Complete a horizontal analysis of the Current Assets section of Breeze Company's balance sheet for 2018.Your answers for "% Change" should be rounded to one decimal place, e.g. ,10.3%.Provide a short evaluation of this analysis.