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QUESTION

Schellhammer Corporation reported the following a

Schellhammer Corporation reported the following amounts in 2013, 2014, and 2015.

2013

2014

2015

Current assets $234,400 $269,560 $288,312

Current liabilities $160,110 $166,930 $182,810

Total assets $467,710 $594,820 $641,080

(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.)

2013

2014

2015

Horizontal Analysis

Current assets

%

%

%

Vertical Analysis

Current assets

%

%

%

Ratio Analysis

Current ratio

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