3. HORIZONTAL ANALYSISOur CompanyStatement of Financial PositionDecember 31, 201A, and 201BIncrease/Decrease% of change(Amount of changeASSETS201A201B(201A- 201B)+201A) x 100%Current AssetsCash160,000.00200,000.00Accounts Receivable, net85,000.00112,000.00Inventory60,000.0055,000.00Short-term investments30,000.0030,000.00Prepaid Expenses20,000.00355,000.0018,000.00415,000.00Total Current AssetsNon-Current Assets810,000.00500,000.00305,000.00Land810,000.00Building, net490,000.00Machinery, net295,000.00Furniture and Fixtures, net108,000.001,723,000.00106,000.00Total Non-Current Assets1,701,000.00Total Assets2,078,000.002,116,000.00LIABILITIES AND EQUITYCurrent LiabilitiesAccounts Payable110,000.00100,000.0060,000.00Short Term Liabilities55,000.00Total Current Liabilities115,000.00210,000.00Non-Current LiabilitiesLong term DebtsBonds Payable130,000.00305,000.00100,000.00230,000.00100,000.00Total Non-current liabilities405,000.00Total Liabilities345,000.00615,000.00Total Capital1,733,000.001,501,000.00Total Liabilities and Capital2,078,000.002,116,000.00

Solution: Horizontal analysis of our company statement of financial position is as under:

Answered: Our Company Statement of Financial…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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