Use the current asset section of the balance sheets of the Breeze Company as of June 30,2012 and 2011 presented below to answer the questions that follow.
REQUIRED:
In the spaces provided below,complete a horizontal analysis of the current asset section of Breeze Company's balance sheet for 2012.Your answers for "% Change" should be rounded to one decimal place,e.g. ,10.3%.Provide a short evaluation of this analysis.
Definitions:
Scope of the Report
Defines the boundaries and coverage of the report, including what will and will not be addressed within the document.
Interpreting Data
The process of analyzing and making sense of data to draw meaningful conclusions or insights.
Facts
Objective statements or pieces of information based on real occurrences or verified data.
Conclusions
The final parts of documents or speeches that sum up the main points or outcomes.
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