Part 2 of the accounting assignment
Prepare a horizontal analysis:
Using the following data from the comparative balance sheet of Rodenbeck
Company, illustrate horizontal analysis.
December 31, 2012 December 31, 2011
Accounts receivable $ 520,000 $ 400,000
Inventory $ 840,000 $ 600,000
Total assets $3,000,000 $2,500,000
