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Using These Data from the Comparative Balance Sheet of Sunta

Question 118

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Using these data from the comparative balance sheet of Sunta Fe Spice Company, perform horizontal analysis.  December 31, 2014 December 31, 2013 Accounts receivable $375,000$300,000 Inventory 780,000600,000 Total assets 3,220,0002,800,000\begin{array}{lrr}&\text { December 31, } 2014&\text { December 31, } 2013\\\text { Accounts receivable } & \$ 375,000 & \$ 300,000 \\\text { Inventory } & 780,000 & 600,000 \\\text { Total assets } & 3,220,000 & 2,800,000\end{array}

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