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Brief Exercise 18-2 Schellhammer Corporation reported the following amounts in 2016, 2017, and 2018. 2016...

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Brief Exercise 18-2 Schellhammer Corporation reported the following amounts in 2016, 2017, and 2018. 2016 2017 2018 Current assets Current liabilities $235,000 $150,000 $525,000 $260,850 $168,000 $557,000 $263,200 $184,000 $626,000 Total assets (b) Perform each of the three types of analysis on Schellhammer's current assets. (Round percentages to 0 decimal places, e.g. 43% and ratios to 2 decimal places, e.g.1.58. Use Illustration 18-3 formula for Horizontal Analysis.) 2016 2017 2018 Horizontal Analysis Current assets % % % Vertical Analysis Current assets % % % Ratio Analysis Current ratio : 1 : 1 : 1

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