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

question 41

Essay

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:

Differentiate Product

The strategy businesses use to make their products or services stand out from competitors, often through unique features or branding.

Larger Profits

An increase in the surplus remaining after total costs are deducted from total revenue, indicating greater financial success for a business.

Variable Costs

Costs that vary with the quantity of output produced.

Average Total Cost

The total cost of production divided by the quantity of output produced, representing the per-unit production cost.