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