12. Horizontal Analysis LO2 The following asset information is available for BSI Inc.: ...
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Accounting
12.
Horizontal Analysis LO2
The following asset information is available for BSI Inc.:
| 2012 | 2011 | |
|---|---|---|
| Cash $ | 35,000 | $ 60,000 |
| Accounts receivable | 60,000 | 55,000 |
| Inventory | 125,000 | 175,000 |
| Total current assets | 220,000 | 290,000 |
| Property and equipment | 175,000 | 150,000 |
| Total assets | $395,000 | $440,000 |
Required
Prepare a horizontal analysis of BSI's assets. Round percentages to one decimal point (i.e., 12.8%).
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